a16z plans to raise $4.5 billion for two new crypto funds

Silicon Valley VC firm AndreessenHorowitz (a16z) plans to raise $3.5 billion for its new cryptocurrency venture fund, as well as another independent focused on seed investments in digital asset startups, the Financial Times reported on January 20. Fund raises $1 billion. A16z plans to finalize the two funds by March, one of the people said.