Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
A16z eyes $3.4B raise for next venture funds: Axios

A16z eyes $3.4B raise for next venture funds: Axios

BlockworksBlockworks2023/10/31 05:06
By:Blockworks

New a16z crypto investing vehicles could be introduced in 2025

Andreessen Horowitz reportedly expects to raise $3.4 billion for its next early and seed-stage venture funds.

Axios reported Monday that a16z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024.

Blockworks reached out to a16z but didn’t receive an immediate response.

While a16z is chiefly known for focusing on tech, the burgeoning AI sector, and social media platforms for investment, the firm’s portfolio also includes buying in crypto projects and businesses. 

A16z’s notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea and Worldcoin, among others.

Crypto investing will remain a priority, with new investing vehicles coming in 2025, Axios reported. 

Among the firm’s recent crypto investments was smlXL, which raised $13.4 million in late October.  

In September 2022, a16z Crypto led a $16.8 million seed round for NFT-focused startup IYK alongside Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.

A16z has demonstrated growing interest in the UK market as well.

A16z wrote to the UK government in May in response to a February call for consultation on crypto regulation . The venture firm urged the country to avoid a “one-size-fits-all” approach and criticized US regulators for relying on the “difficult to enforce” Howey test for its securities regulation framework.

Don’t miss the next big story – join our  free daily newsletter .

Follow Sam Bankman-Fried’s trial with the latest news from the courtroom . 

Tags
  • a16z
  • Funding
  • VC
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

Coinomedia2025/05/08 21:11
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

ETH Trades at Historic Lows vs BTC Since 2019

ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Coinomedia2025/05/08 21:11
ETH Trades at Historic Lows vs BTC Since 2019

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

Coinomedia2025/05/08 21:11
Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy

Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Coinomedia2025/05/08 21:11
SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy