VC Firm Andreessen Horowitz Targets $450M for Second Crypto Fund: Report

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Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million. 

Citing two sources with knowledge, FT says a16z has yet to close the fund but may do so soon. The size of the fund is not capped.

A spokesperson for a16z declined to comment to CoinDesk. 

Notably, it backed Coinbase as early as 2013. More recently, a16z was a founding member of Facebook’s Libra Association.

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