Andreessen Horowitz Raises Mega $2. 2 Billion Crypto Finance, Hires SEC Veteran Hinman
In 2018, venture capital huge Andreessen Horowitz made a huge bet on crypto using a first-of-its-kind $300 million expense fund. Two years later, this doubled down by generating another $510 million crypto fund, and now—underscoring the way the firm has gone all-in upon crypto—Andreessen is launching “Crypto Fund III” backed simply by an additional $2. 2 billion dollars of investment capital. In launching the news on Wednesday, Andreessen Horowitz (known in technology circles as a16z) furthermore revealed a series…