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Source: VC Giant A16z Plans To Launch A $1 Billion Cryptocurrency Fund

Mary Liu

Summary: According to the "Financial Times" citing sources familiar with the matter, a16z (Andreessen Horowitz), a Silicon Valley venture capital giant, is preparing to launch a $1 billion cryptocurrency fund. The company's first crypto-related fund raised $300 million in 2018, and in April 2020 it raised $515 million for its second crypto fund. By Mary Liu

According to the "Financial Times" citing sources familiar with the matter, a16z (Andreessen Horowitz), a Silicon Valley venture capital giant, is preparing to launch a $1 billion cryptocurrency fund.

The company's first crypto-related fund raised $300 million in 2018, and in April 2020 it raised $515 million for its second crypto fund.

By Mary Liu

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