Ben Horowitz revealed in an article that Andreessen Horowitz has raised $7.2 billion to fund five venture strategies. blog post. Funds were raised to support American Dynamism, Games, Apps, Infrastructure, and Growth, the biggest amount being 3,75 billion dollars for Growth.
Games and American Dynamism each received $600,000,000. Although the exact allocation of newly raised funds is unclear, the Games venture by a16z has expressed an interest in Web3 games.
The website of the company states that a16z believes in the concept that gaming is driving innovation within the entire consumer ecosystem. This includes “microtransactions” and “battle passes, Web3 tokens and Web3 tokens.”
The firm has made a number of crypto-related moves since its inception. Reportage Bloomberg reports that “the firm is still on track” to raise more funds by 2025. Bloomberg’s report of October 2023 speculated the firm would raise additional funds by 2025. eyeing $3.4 billion New investment vehicles and funds could be available in 2025.
Horowitz wrote in a recent blog that “this marks an important landmark for us.”
A16z is actively involved in investing and leading round of the crypto industry. The firm, which announced its selection of 25 crypto startups for the spring 2024 accelerator in late March, offered each company a $500,000 funding for 7% ownership.
a16z continues to fund crypto projects outside of its accelerator. Venture capitalists led the Series B round of funding for Espresso Systems. Ethereum Infrastructure project.
Ali Yahya, general partner of a16z said the following:
Crypto is at its heart a technological movement which builds tools to improve human collaboration on a large scale, especially in situations where the parties involved are distrustful of each other.
The venture capital company also invested $100 million earlier in February. EigenLayer’s Round B of funding is the Series B round.
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