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Andreessen Horowitz raises $2.2 billion for another crypto fund

Andreessen Horowitz’s Marc Andreessen

Andreessen Horowitz raised its third crypto fund.

Photo: David Paul Morris/Bloomberg via Getty Images

Andreessen Horowitz is tripling down on crypto, announcing in a blog post Thursday that it had raised another $2.2 billion for its third crypto fund. "The size of this fund speaks to the size of the opportunity before us: crypto is not only the future of finance but, as with the internet in the early days, is poised to transform all aspects of our lives," Chris Dixon, Katie Haun and Ali Yahya wrote in the post.

The firm was an early backer of Coinbase, which went public through a direct listing earlier this year, and is one of the largest investors in the cryptocurrency space. As part of the fund, a16z is adding Biden adviser Tomicah Tillemann as its global head of policy.

Biz Carson

Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.

andreessen horowitzventure capitalcryptocurrency
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