a16zcrypto Bets $2.2B as Crypto VC Funding Crashes

a16zcrypto raises $2.2B fund amid crypto's funding crash, doubling down on blockchain while rivals pivot to AI.

Key takeaways

• a16zcrypto Launches $2.2 Billion Fund Amid Crypto Market Slowdown
• Andreessen Horowitz’s crypto arm just raised $2.2 billion for its latest fund, defying a downturn that’s seen venture capital fleeing the sector. The firm, known as a1...
• The timing is no accident. Bitcoin has slipped nearly 30% from this year’s peak, NFT volumes are a fraction of their 2021 highs, and deal flow for crypto startups crat...
• A16zcrypto says the capital will fuel “long-term builders” weathering the current chill. Their message is clear: crypto’s cyclical bear markets are when the next Coinb...

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