Andreessen Horowitz Launches New $515M Crypto Fund
Law360 (April 30, 2020, 6:25 PM EDT) -- Venture capital firm Andreessen Horowitz has doubled down on the cryptocurrency and blockchain industry, announcing Thursday its Crypto Fund II with $515 million set to be deployed focusing on the next generation of payments and decentralized finance companies.
Crypto Fund II bolsters an initial $350 million Crypto Fund the firm launched in mid-2018. Andreessen Horowitz's announcement presents an investment thesis that will partly focus on blockchain payments that it says can disrupt legacy systems similar to what "email did to the post office and what [voice over internet protocol] did to long-distance carriers."
"Payment blockchains are picking up where Bitcoin left...
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