Andressen Horowitz is one of the most focused venture capitalists in the digital asset industry. It is also one of the players that has withstood the most the cold that has reigned on the markets since the beginning of 2022. Despite the many setbacks facing the sector, the company’s commitment has not weakened. Moreover, it intends to increase its exposure to cryptos over the next few years. It shouldn’t be difficult, since she has strong backbones.
Towards the expansion of Andreessen Horowitz’s investments
US venture capital firm Andreessen Horowitz (a16z) maintains healthy and balanced finances, despite the bear market. This was revealed by Chris Dixon, the company’s general partner, who added that the majority of the capital of its $ 4.5 billion fund (launched last May) dedicated to Web3 start-ups , cryptos and blockchain, has not yet been invested. Therefore, the venture capitalist still has billions to invest in cryptocurrencies and Web3, the official pointed out.
This one gave these information on December 19 as part of a podcast by The Block.
Specifically, less than 50% of that money has been deployed. Recently, the company, which has more than 50 crypto businesses in its portfolio, indicated that it is still keen to expand its investments in the sector. Recall that this is one of the biggest pillars of investment in the industry. In total, Andreessen Horowitz has raised $7.6 billion for cryptos between 2018 and present.
During the podcast, the head of Andreessen Horowitz also talked about the company’s exposure preferences. According to him, the company no longer invests in projects built on corporate networks such as Facebook and TikTok. He pointed out that decentralized networks have reached sufficient maturity to compete with enterprise networks. Hence a particular interest in this segment.
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