A16z Announces Largest-Crypto Fund Ever: $4.5B

A16z announced their fourth and largest crypto fund yet, totalling a staggering $4.5 billion, according to a press release. That brings their total crypto/web3 funds to $7.6 billion. 

A16z, also known as Andreessen Horowitz, plans to allocate the new funds into two different sectors: $1.5 billion to seed investments and $3 billion to venture investments. 

“We’re going to use these funds to invest in promising web3 startups at every stage,” Chris Dixon, a general partner, wrote in the press release. “We are excited about developments in web3 games, DeFi, decentralized social media, self-sovereign identity, layer 1 and layer 2 infrastructure, bridges, DAOs & governance, NFT communities, privacy, creator monetization, regenerative finance, new applications of ZK proofs, decentralized content & story creation, and many other areas.” 

In addition, Dixon noted that they will continue to bolster their operations team which currently includes research and engineering, security, talent and people, legal and regulatory and go-to-market. 

The private American venture capital firm believes that we are now entering the golden era of web3, like Uber, Venmo, Snapchat and Instagram came into the golden era of mobile computing. They added that there have been major computing cycles every 10 to 15 years since the 1940s and that now is web3’s turn. 

As a result, they want to help guide and usher in the next generation of web3 developers, projects, etc. through their mega fund across a wide variety of areas in the field. 

Founded in 2009, the California-based company invested in traditional startups and established companies until June 2018, when they received $300 million from a subset of limited partners to invest in the digital asset industry. In April 2020, they announced their second crypto fund worth $515 million. Then in June 2021 they announced a $2.2 billion fund. 

Author: Tyler Irvin

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