Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Andreessen Horowitz Establishes $4.5B Crypto Fund, Its Fourth
The Silicon Valley venture capital firm is doubling down on its crypto investments despite the market downturn.
In this article
Andreessen Horowitz said Wednesday it formed a new $4.5 billion fund that will invest in cryptocurrency and Web 3 companies.
- The fund is the firm's fourth to target digital assets, with over $7.6 billion being raised in total.
- Of the $4.5 billion, $1.5 billion will go towards seed investments while the rest is being set aside for venture investments.
- "We think we are now entering the golden era of Web 3," the company said in its announcement, adding that it's "excited" about developments in blockchain gaming, decentralized finance (DeFi), decentralized social media and non-fungible tokens (NFT).
- Previous funds were raised last June and in April of 2020, both of which came shortly after crypto market downturns.
- Bitcoin is currently down 56% from a peak in November, while altcoins such as SOL and AVAX – to name just two – have shredded more than 80% in respective market caps.
See also: Andreessen Horowitz Rakes In $2.2B for Third Crypto Venture Fund
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Update (May 25, 12:50 UTC): Adds details on the firm's interest in specific sectors and market information.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
More For You
Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half
A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.
What to know:
- Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
- Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
- Hacken urges real-time monitoring and automated controls to prevent operational failures.
