Andreessen Horowitz introduces $300 million crypto fund

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Kathryn Haun, Andreessen Horowitz’s very first female basic partner in the company’s 9 years of presence.


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Prominent Silicon Valley equity capital company Andreessen Horowitz has actually released a $300 million fund that will concentrate on cryptocurrencies.

The fund, to be called a16 z crypto after the VC’s label, will buy cryptocurrency business, coins, tokens and procedures, the business statedMonday The fund will be co-led by Kathryn Haun, a previous federal district attorney who will be the company’s very first female basic partner in the 9 years considering that its starting.

As financier interest in cryptocurrencies has actually increased in current months, so has SEC concentrate on marking out frauds targeted at bilking financiers delighted by the possibilities of cryptocurrency’s monetary and technological transformation. While at the Justice Department, Haun concentrated on scams, cyber and business criminal offense and produced the federal government’s very first cryptocurrency job force.

In addition to making early financial investments in tech business such as Okta and Lyft,Andreesseen Horowitz has actually likewise purchased digital currency exchange Coinbase and blockchain start-up OpenBazaar. Blockchain is an file encryption innovation best understood for underpinning bitcoin and other cryptocurrencies.

“We’ve been investing in crypto assets for 5+ years,” Andreessen Horowitz basic partner Chris Dixon composed in an article. “We’ve never sold any of those investments, and don’t plan to any time soon. We structured the a16z crypto fund to be able to hold investments for 10+ years.”

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