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Andreessen Horowitz Raises $4.5 Billion Crypto Fund, the Largest of Its Kind

  • New fund will target both venture and seed investments
  • Andreessen Horowitz has faced conflict over its role in crypto
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Photographer: Angel Garcia/Bloomberg
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Sagging crypto prices and the collapse of the TerraUSD stablecoin are no deterrent for venture capitalists who still see a lot of promise in the industry. In the latest example of that commitment, Andreessen Horowitz said Wednesday that it had raised a $4.5 billion crypto fund, the industry’s largest to date.