American Firm Starts $300 Million Cryptocurrency Fund

In Investments, News
Cryptocurrency Fund

Andreessen Horowitz’s has grasped the crypto realm in ways no other major U.S. growing business, that specializes in building high-risk financial portfolios, has ever done.

Now he is accruing more posture and funds to its exertion by closing on $300 million in aiming for a new blockchain-focused fund and bringing on board Kathryn “Katie” Haun, a former prosecutor with crypto enforcement experience, as a general partner (GP).

Kathryn Haun is partnering with Andreessen Horowitz’s with the new digital currency fund as its first female GP to co-lead with him in this high-risk venture.

Horowitz declared on Monday that he had employed Kathryn Haun as a GP and one of the two primary venture capitalists of a16z crypto, backed with huge funds that will invest in crypto organizations, coins, and protocols.

The other co-lead of the new fund is Chris Dixon, the company’s veteran-focused in cryptocurrency investing behind Coinbase and Polychain Capital.

Haun and Dixon shared in an interview that a16z crypto will function as an independent legal entity to the company’s other funds because Horowitz had formerly run nearly to the limit on the portion of its capital it could be divided among crypto deals.

Both investors are also GPs in the overall company, with the partner conferences and commerce that goes along with it.

Dixon shared with much spirit that he is building a team that is concentrating and are dedicated to crypto. Haun added that they want to be flexible and much of where they are investing in are not even invented yet.

Recode reported in April on the company’s plan regarding the fund and job openings to various crypto-focused positions showing that i’ts no secret that Horowitz is establishing a committed crypto fund in the venture capital arena.

The way things are progressing, it’s safe to expect that more women are joining the realm of virtual investments.

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