Tagged: andreessen horowitz

NFT Auction Marketplace OpenSea is Valued at $1.5 Billion After Fresh Funding

NFT auction marketplace OpenSea is now a Unicorn. The platform that witnessed massive traction earlier this year raised $100 million in a Series B round led by Andreessen Horowitz at $1.5 billion, as per a TechCrunch report. The startup, which raised $23 million in Series… Read More

Crypto Wallet Phantom Bags $9 Million in Funding From Andreessen Horowitz and Others

Phantom, a multi-chain crypto wallet, has raised $9 million in Series A funding led by Andreessen Horowitz  (A16z).  Variant Fund, Jump Capital, DeFi Alliance, and Solana Foundation also participated in the round along with Garry Tan, an early Coinbase investor and other angel investors from Compound, dYdX, Audius, Lolli, and Ethereum Foundation. Phantom plans to use… Read More

Bond Street Founder David Haber Joins Andreessen Horowitz as GP

Former Bond Street CEO and founder David Haber has joined Andreessen Horowitz (a16z) as a General Partner – becoming the first full-time GP based in Manhattan. Bond Street, once an independent online lender for SMEs, the Fintech was acquired by Goldman Sachs in 2017 with… Read More

Andreessen Horowitz Announces Largest Crypto Fund Ever at $2.2 Billion, Adds Big Name Advisors Like Former SEC CorpFin Director Bill Hinman

Andreessen Horowitz (a16z), one of the world’s leading VCs, has revealed a $2.2 billion crypto fund – the largest of its kind ever. The VC said they believe the next wave of computational innovation will be driven by crypto and they are “radically optimistic about… Read More

House Financial Services Committee Testimony Highlights the Need to Improve IPO Market, Increase Access to Private Securities Offerings

Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline… Read More

Internet Computer Source Code Now Publicly Available, Supported by CHF 200 Million Program Announced by DFINITY

The Internet Computer’s source code is now available publicly. As noted in an update from its developers, the code “details the technical designs, novel protocol math, and cryptography behind the decentralized computing network.” Back in 2016, the DFINITY Foundation had started on its mission to… Read More

Coinbase Investor Andreessen Horowitz Might be Launching New $1 Billion Cryptocurrency focused Fund: Report

Andreessen Horowitz, one of Silicon Valley’s most high-profile VC companies that invests in “software eating the world,” is reportedly planning or looking into establishing a new fund of around $1 billion. According to a report from the FT, this new fund would make strategic investments… Read More

U.S. Fintech Greenlight Raises $260 Million Through Series D Funding Round Led By Andreessen Horowitz

Less than a year after securing $215 million through its Series C funding round, Greenlight Financial Technology, Inc., a U.S.-based fintech company that created a smart debit card for kids, teens, and college students, announced on Tuesday it raised an additional $260 million through its… Read More

Current Raises $220 Million Series D, Now Valued at $2.2 Billion – Triples in Value in Just 5 Months

Current, a fast-growing neo-bank, has raised $220 million at a valuation of $2.2 billion. Current notes that the company has tripled in value in the past 5 months. In total, Current has raised $400 million in venture funding. The Series D funding round was led… Read More

Controversial BitClout Project, which will Offer Social Currency Issued by Digital Artists, Already Facing Lawsuit Before Official Launch

There’s been a lot of hype around non-fungible tokens or NFTs, with many major digital art auctions and opportunities to exchange virtual trading cards. There’s also been a lot of talk among major investors who believe that these scarce tokens may support the future of… Read More

Unprecedented Bitcoin Rally Supported by Best-Performing Quarter for Crypto and DLT Startup Funding Totaling Over $700M in Q4 2020: Report

The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals. Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to… Read More

Jeffrey Amico, Counsel at Andreessen Horowitz, Comments on VC Firm’s Views Regarding Crypto Protocols and Decentralized Governance

Jeffrey Amico, Counsel at VC firm Andreessen Horowitz, notes that cryptocurrency protocols are supposed to be governed by these so-called “decentralized” communities of stakeholders. Amico explains that it’s not necessarily the case that decentralized communities are more efficient, or “important” for various ideological reasons, but… Read More

Divvy Homes Raises $110 Million Series C Funding

Divvy Homes, a Proptech that seeks to make homeownership more attainable with flexible ownership, has announced a $110 million Series C equity funding round. The funding was led by Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors,… Read More

Coinbase Adds Kelly Kramer, former CFO of Cisco, to its Board, Marc Andreessen to Transition to Board Director

Kelly Kramer, the former CFO at Cisco, has now joined the Board of Directors at digital asset exchange Coinbase. The San Francisco-based trading platform has also confirmed that Marc Andreessen will be transitioning to Board Director, from Board Observer. The news arrives when the crypto… Read More

Andreessen Horowitz Leads $27 Million Investment into Fintech Moov

Moov, a Fintech that supports banks and credit unions, Fintechs and more to quickly deploy financial service solutions to receive funds, store value, and remit payments, has raised $27 million in a Series A led by Andreessen Horowitz. Other investors include Gokul Rajaram as well… Read More

Pave, Formerly Trove, Receives $16 Million Series A led by Andreessen Horowitz

Pave, formerly named Trove and recently rebranded, has received $16 million in an oversubscribed Series A funding round led by Andreessen Horowitz. Other big names participated in the round including Bessemer Venture Partners, Bezos Expeditions (as in Jeff Bezos), Dash Fund, and Y Combinator. Kristina… Read More

Andreessen Horowitz, Union Square Ventures, Others Take Part in $11 Million Series A Round for Uniswap, a Non-Custodial Ethereum Token Exchange

Ethereum based Uniswap, a leading non-custodial crypto token exchange, has reportedly secured $11 million through a Series A investment round. Uniswap’s latest funding round was led by giant VC firm Andreessen Horowitz. Union Square Ventures, Version One, Parafi Capital, Variant, SV Angel and A. Capital… Read More

There are Over 30 Partner Banks Representing Hundreds of Fintech Relationships, Rex Salisbury, Partner at a16z Reveals

Rex Salisbury, partner on the Fintech team at VC firm Andreessen Horowitz (A16Z) and founder of Cambrian, a community at the “white-hot center” of Fintech, reveals that partner banks have “exploded” in recent years. Salisbury confirmed that today, there are over 30 partner banks, which… Read More

Andreessen Horowitz: Growth in the Cryptocurrency Sector has been “Choppy Yet Consistent”

Giant VC firm Andreessen Horowitz is arguing that the growth of social media, application developers, digital asset prices, and the rise of blockchain startups may eventually lead to the development of a more stable cryptocurrency industry. The US-based firm published a report on May 15,… Read More

Andreessen Horowitz-backed dYdX, a Non-Custodial Exchange, Launches Bitcoin (BTC) Perpetual Contracts Market

Andreessen Horowitz (a16z)-backed dYdX, a non-custodial cryptocurrency exchange, has confirmed the public launch of its Bitcoin (BTC) perpetual contracts market. Perpetual contracts are derivatives that are somewhat like futures contracts, however, they don’t have an expiry or fixed settlement date. Perpetual contracts closely resemble a… Read More

Send this to a friend