AH Capital Management, LLC raises $ 515 million for its second Crypto fund
According to FORTUNE, a venture capital firm from Silicon Valley, it has raised $ 515 million for its second investment fund, which will focus on blockchain technology and innovations for cryptocurrency databases. That’s almost double when we compare the first crypto investment fund in which they drew $ 300 million two years ago. The first fund focused more on bitcoins and various crypto projects.
Chris Dixon, a coleader of the fund says that he expects the debut of a number of new blockchain projects next year.
also said: “It’s very rare that major, new computing paradigms come along, and we think this is on the scale of cloud and mobile for the Internet,”
Andreessen Horowitz was one of the first companies to believe in technology such as Bitcoin and Blockchain, and already in 2014 co-founder Marc Andreessen highlighted the importance of digital money for the New York Times.
The company has since invested in a number of cryptocurrencies and projects in this area, such as Maker DAO and Coinbase. The registration as an investment adviser recognized by the Securities and Exchange Commission was also a big step, giving the company more flexibility in crypto investments.
About Andreessen Horowitz
Andreessen Horowitz (legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. Andreessen Horowitz invests in both early-stage start-ups and established growth companies. Its investments span the mobile, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries. /wiki