The fund will focus on early-stage and seed-stage investments.
Andreessen Horowitz, the largest venture investor in crypto, plans to raise a $3.4B early-stage and seed-stage fund, according to Axios.
Fundraising will launch near year-end, with the aim to hold final closes in the first half of 2024, the report said, citing sources familiar with the plans.
The Silicon Valley giant will ask, but not require, “limited partners to invest via a new master vehicle that would feed into sub-funds (including some of its sector-specific vehicles),” the report said.
a16z, as the VC is known, “plans to raise new growth, crypto and bio vehicles in 2025,” Axios reported.
a16z, as the VC is known, last raised a crypto-focused fund in May 2022, which was worth $4.5B.
Source: https://thedefiant.io/andreessen-horowitz-plans-to-launch-a-usd3-4b-fund-axios-says