Avalanche

<div class="coinjournal">
 <ul>
  <li dir="ltr">Andreessen Horowitz (a16z) is planning to raise $3.4 billion for its next early and seed-stage fund.</li>
  <li dir="ltr">The fundraising is reportedly set to start by the end of year.</li>
 </ul>
 <p dir="ltr">Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is targeting approximately $3.4 billion for the next <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a>-stage and <a rel="noopener noreferrer nofollow" title="seed-stage" href="https://thebittimes.com/tag/seed-stage.html">seed-stage</a> <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a>, according to Axios.</p>
 <p dir="ltr">According to the report, the core fund will represent a slight increase for a16z when compared to previous efforts.</p>
 <h2 dir="ltr" id="new-growth-crypto-and-bio-vehicles">New growth, crypto and bio vehicles</h2>
 <p dir="ltr">Andreessen Horowitz is one of the bullish VCs on AI, an area that’s seeing a significant uptick in investments. But as artificial intelligence projects prove a big hit for VC fundraising, the broader landscape is seeing notable declines.</p>
 <p dir="ltr">The fundraising that <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>edly is marked to start towards the end of the year eyes “new growth, crypto and bio vehicles in 2025.” Per Axios, the VC giant “will ask, although not require, limited partners to invest via a new master vehicle that would feed into sub-<a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> (including some of its sector-specific vehicles).”</p>
 <p dir="ltr">In May 2022, a16z announced a $4.5 billion fund that targeted projects in crypto and blockchain. Earlier this year, Andreessen Horowitz outlined its bullish outlook on generative AI, noting the industry’s massive potential and impact.&nbsp;</p>
 <p dir="ltr">That perspective adds to its footprint in the crypto space, with high profile investments including those in Coinbase, Dapper Labs, Avalanche and MakerDAO.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/a16z-targets-3-4b-for-next-early-and-seed-stage-funds-report-tbt68411.html">https://thebittimes.com/a16z-targets-3-4b-for-next-early-and-seed-stage-funds-report-tbt68411.html</a></p>

a16z targets $3.4B for next early and seed-stage funds: report

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