Andreessen Horowitz is gearing up to raise an impressive $3.4 billion for its upcoming early and seed-stage venture funds. According to Axios, the powerhouse venture capital firm, recognized as the leader in assets under management, is set to kick off its fundraising campaign by the year’s end, with a targeted completion in the first half of 2024.
Although Blockworks sought a response from a16z, none was received at the time of reporting.
Renowned for its strategic focus on technology, the thriving AI sector, and social media platforms, Andreessen Horowitz’s investment portfolio extends to include ventures in the crypto space. Notable crypto investments by a16z encompass industry giants such as Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea, and Worldcoin.
Emphasizing its commitment to crypto, Axios reports that a16z plans to introduce new investment vehicles in 2025. The firm recently backed smlXL, securing a substantial $13.4 million in late October. In September 2022, a16z Crypto led a $16.8 million seed round for NFT-focused startup IYK, collaborating with Collab Currency, Lattice Capital, 1kx, Synergis Capital, and others.
Expanding its global footprint, a16z has demonstrated a growing interest in the UK market. In response to the UK government’s call for consultation on crypto regulation, the venture firm, in a letter penned in May, urged against a “one-size-fits-all” approach and criticized US regulators for relying on the “difficult to enforce” Howey test in their securities regulation framework.