3 years ago
Andreessen Horowitz (a16z), a task superior steadfast that has invested extensively successful the crypto industry, is looking to rise $4.5 cardinal for caller funds, the Financial Times reported.
The steadfast told investors it is looking for $3.5 cardinal for a crypto task fund, the FT said, citing radical briefed connected the discussions. That volition surpass the $2.2 billion it raised successful June for its Crypto Fund III, astatine the clip the industry's largest.
It has targeted different $1 cardinal for a money that volition put successful effect backing for integer plus startups, according to the FT. The discussions took spot past week, the U.K. paper said.
Sheldon Reback is simply a CoinDesk quality exertion based successful London. He owns a tiny magnitude of ether.
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