Andreessen Horowitz Announces New $4.5 Billion Crypto Fund

Andreessen Horowitz (a16z), the Silicon Valley-based venture capital firm, today announced it raised a whopping $4.5 billion for a new crypto fund, the firm's fourth and the biggest so far.

Crypto Fund 4 doubles the size of a16z’s previous crypto fund raised in June last year, showcasing that despite the turmoil in the crypto market, the firm’s partners are increasingly looking to get more exposure to promising Web3 startups.

“We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post accompanying the raise.

“More importantly, a massive wave of world-class talent has entered web3 over the last year. They are brilliant and passionate and want to build a better internet,” he added.

Of the $4.5 billion raised, $1.5 billion will be going towards seed investments, with the rest set aside for venture investments, said a16z.

According to Dixon, the firm is specifically “excited” about the latest advancement in sectors including Web3 games, decentralized finance (DeFi), decentralized social media, self-sovereign identity, layer-1, and layer-2 infrastructure, DAOs and governance, NFT communities, privacy, creator monetization, regenerative finance (ReFi), new applications of ZK proofs, decentralized content and story creation, and many other areas.

“We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post accompanying the raise.

“More importantly, a massive wave of world-class talent has entered web3 over the last year. They are brilliant and passionate and want to build a better internet,” he added.

Of the $4.5 billion raised, $1.5 billion will be going towards seed investments, with the rest set aside for venture investments, said a16z.

According to Dixon, the firm is specifically “excited” about the latest advancement in sectors including Web3 games, decentralized finance (DeFi), decentralized social media, self-sovereign identity, layer-1, and layer-2 infrastructure, DAOs and governance, NFT communities, privacy, creator monetization, regenerative finance (ReFi), new applications of ZK proofs, decentralized content and story creation, and many other areas.

“We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post accompanying the raise.

“More importantly, a massive wave of world-class talent has entered web3 over the last year. They are brilliant and passionate and want to build a better internet,” he added.

Of the $4.5 billion raised, $1.5 billion will be going towards seed investments, with the rest set aside for venture investments, said a16z.

According to Dixon, the firm is specifically “excited” about the latest advancement in sectors including Web3 games, decentralized finance (DeFi), decentralized social media, self-sovereign identity, layer-1, and layer-2 infrastructure, DAOs and governance, NFT communities, privacy, creator monetization, regenerative finance (ReFi), new applications of ZK proofs, decentralized content and story creation, and many other areas.