Andreessen Horowitz (a16z), a enterprise capital agency that has invested extensively within the crypto trade, is wanting to increase $4.5 billion for new funds, the Financial Times reported.
- The agency advised traders it’s wanting for $3.5 billion for a crypto enterprise fund, the FT stated, citing individuals briefed on the discussions. That will surpass the $2.2 billion it raised in June for its Crypto Fund III, on the time the trade’s largest.
- It has focused one other $1 billion for a fund that can put money into seed funding for digital asset startups, in accordance to the FT. The discussions occurred final week, the U.Okay. newspaper stated.
- The new crypto fund could be the trade’s largest, overtaking the $2.5 billion raised by Paradigm in November. It comes simply weeks after Katie Haun, an a16z accomplice, stated she was leaving the corporate to begin her personal enterprise capital agency.