May 01 - 11:05
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Second Andreessen Horowitz fund for blockchain and crypto raises $515 million
Andreessen Horowitz has revealed that a second fund for blockchain and cryptocurrency investments has raised $515 million. The total exceeds the venture capitalist firm's expected amount of $450 million. Its first fund reached $300 million in 2018. The second fund will focus primarily on investments in payments blockchains. Previous Andreessen Horowitz bets include Airbnb, Lyft and Stripe.
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