Venture capital group launches its largest fund to date focused on digital assets despite market downturn
Andreessen Horowitz has launched a $4.5bn cryptocurrency fund, making its biggest bet yet on the future of blockchain technology despite the market crash.
The Silicon Valley-based venture capital group said on Wednesday that it would allocate about $1.5bn to seed investments while the remaining $3bn would be earmarked for venture investments — the largest crypto fund to date.
The new fund is the fourth, and largest, from Andreessen to focus on cryptocurrency investments, taking its total investment in the space to more than $7.6bn.
Read more: FT
