April 30, 2020 A16z launches a new $515 million crypto fund.

The venture capital firm, Andreessen Horowitz (a16z) has launched a new crypto fund, capitalized at $515 million. The company announced the new fund, named Crypto Fund II, on Thursday which will invest in both companies and crypto networks. In its blog post, the company stressed five sectors which it is particularly interested in, namely: payments, stores of value, decentralized finance, monetization for content creators, and Web3.