Andreessen Horowitz wants to raise $ 450M for a second crypto-fund

The venture capital company Andreessen Horowitz (a16z) would like to raise $ 450 million for a second fund dedicated to investment in the cryptocurrency.

According to sources close to the file cited by the FinancialTimes, Andreessen Horowitz plans to collect $ 450 million for a new crypto funds.

Andreessen could finalize the fund in about a week, but has yet to set a hard cap, "said one of the sources.

Founded in 2009 by Marc Andreessen and Ben Horowitz and based in Menlo Park, California, Andreessen Horowitz is particularly recognized for having invested in several large social networks such as Facebook and Twitter at their beginning.

The powerful venture capital firm has also launched a first $ 300 million cryptocurrency in 2018 (a16z crypto) and supports a myriad of blockchain and digital asset startups such as the custodian Anchorage, the DeFi protocol Compound, the young shoot Arweave or the project Libra from the Facebook giant.

According to the Blockchain Report 2020 of CB Insights, investors today largely favor cryptocurrency players to those of the blockchain.

This autumn, a16z Crypto announced the school launch aimed at helping startups specializing in cryptocurrency.