certify
Home arrow Article arrow Article Detail

Venture Capital Andreessen Horowitz plans to raise $1 billion to invest in crypto start-ups and cryptocurrencies

Profile Image

Shivangi Mujumdar

CBW -External Analyst

INDIA

May, 07 2021

May, 07 2021

likes 0 | comments 0

Article Image

The report speaks that as per the www.ft.com Andreessen Horowitz, one of the leading profile Silicon Valley venture capital firms will be seeking at a new investment fund for investing in cryptocurrency as of 02, May’21. 

 

He says this could go up to $1 billion, as the Financial Times (FT) reported. 

 

It will rise between $800 million and $1 billion from investors, which would mark it one of the major pools of capital devoted to crypto. 

 

Andreessen Horowitz, the venture capital giant is scheduling to begin a new billion-dollar fund that is geared toward the increasing crypto ecosystem. 

 

Supported points: 

 

With the objective amount, Andreessen’s third crypto investment fund could be close to two times bigger than the $515 million Crypto Fund II, which the VC huge launched for crypto networks and businesses last year. 

 

Andreessen is building up the investment fund after effectively investing in Coinbase. The Silicon Valley-based company is one of the two major outside investors of the crypto exchange, along with Union Square. 

 

The Coinbase IPO is going to mint hundreds, if not thousands, of billionaires and multimillionaires who all love crypto and are perhaps going to take some of their listings and continue to invest in the crypto ecosystem. 

 

Related news: 

 

A flow in the valuations of bitcoin, ether and other cryptos has triggered Andreessen and other such firms to initiate raising large “war chests,” according to FT. 

 

Crypto venture capitalists have watched the success of Coinbase, which went public in April and presently has a valuation of $60 billion. 

 

There have also been abundant direct investments in virtual currencies that have seen value increases. Those returns have made investors assured about their chances, with endowments and foundations restarting their bets. 

 

About The Revision:?One-third of consumers who engaged up for subscription services within the previous year were just in it for the open trial. In the 2021 Subscription Commerce Adaptation Index, PYMNTS reviews 2,022 U.S. consumers and examines more than 200 subscription commerce benefactors to zero in on the key types that turn the subscription curious for long term subscribers. 


likes 0 Likes | comments 0 Comments

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.