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Andreessen Horowitz (a16z), a enterprise capital agency that has invested extensively within the crypto business, is seeking to elevate $4.5 billion for brand new funds, the Monetary Occasions reported.
- The agency advised traders it’s on the lookout for $3.5 billion for a crypto enterprise fund, the FT mentioned, citing individuals briefed on the discussions. That may surpass the $2.2 billion it raised in June for its Crypto Fund III, on the time the business’s largest.
- It has focused one other $1 billion for a fund that can spend money on seed funding for digital asset startups, in accordance with the FT. The discussions happened final week, the U.Okay. newspaper mentioned.
- The brand new crypto fund could be the business’s largest, overtaking the $2.5 billion raised by Paradigm in November. It comes simply weeks after Katie Haun, an a16z companion, mentioned she was leaving the corporate to begin her personal enterprise capital agency.
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