Andreessen Horowitz (AH Capital Management LLC) on Wednesday said it has raised $4.5 billion for its fourth and largest crypto fund. "Since the advent of computing in the 1940s, there has been a major computing cycle every 10-15 years, including PCs in the '80s, the internet in the '90s, and mobile computing in the '00s," said Chris Dixon, founder and managing partner, a16z crypto, a unit of the venture capital firm. "We think we are now entering the golden era of web3." Of the $4.5 billion for its fourth fund, about $1.5 billion will go toward seed investments and $3 billion for venture investments.
May 25, 2022, 1:12 p.m. EDT