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Andreessen Horowitz raising $1 billion for crypto investments

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One of Silicon Valley’s top venture capital companies, Andreessen Horowitz, is aiming to raise $1 billion to invest in cryptocurrencies and crypto startups following the success of its investment in Coinbase.

Andreessen’s third investment vehicle is focused on cryptocurrency investments, and people with knowledge of the matter said the funds would come from investors. This would make it one of the largest pools of capital that are dedicated to crypto and is said to be twice as big as the first one before it.

The fundraising push comes at the same time when digital currency investors are raising large war chests brought about by the surge in the market of Bitcoin (BTC), Ethereum (ETH), and other digital assets.

Realizing big gains

Capitalists in cryptocurrency ventures are now beginning to realize the big gains that can be earned from Coinbase and from direct investments in virtual currencies that have seen a remarkable surge in value for the past year.

These returns of investment or ROIs encouraged institutional investors, such as endowments and foundations, to restore their bets on emerging technologies despite the uncertain regulatory environment that surrounds the market.

It’s no wonder that the high-profile Andreessen Horowitz is joining the bandwagon.

Other fundraising for crypto

Meanwhile, one of the frontrunners in cryptocurrency investments, Pantera Capital, is reportedly aiming to raise $600 million for a new blockchain fund that will integrate investments in private companies and tradable tokens.

The latest venture fund of Pantera has raised $175 million in 2018 and was worth nearly four times that amount as of January this year, according to its official website.

Last month, Dragonfly’s second cryptocurrency fundraising got a huge boost when Sequoia Capital China committed $225 million, doubling the sum it raised for its debut in 2018.

 

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/andreessen-horowitz-raising-1-billion-for-crypto-investments/

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