Andreessen Horowitz is launching a $2.2 billion crypto-focused venture fund, the largest yet by one of the first big venture investors to wade into digital-asset world.
Led by co-founder Marc Andreessen, the Menlo Park, California-based firm has been investing in crypto since 2013, in companies including Coinbase Global Inc., which went public earlier this year. It’s also an investor in hot startups such as Compound, a leader in decentralized finance, and a participant in Diem, a project hatched by Facebook Inc. to use digital coins for payment.
The new crypto fund -- Andreessen’s third -- is being launched against the ...
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