Tagged: andreessen horowitz

June 21, 2021 @ 10:58 am By JD Alois  |  

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

May 29, 2021 @ 3:08 pm By Omar Faridi  |  

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

May 1, 2021 @ 11:17 am By Omar Faridi  |  

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

April 27, 2021 @ 10:55 am By Samantha Hurst  |  

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

April 27, 2021 @ 10:02 am By JD Alois  |  

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

March 24, 2021 @ 10:27 pm By Omar Faridi  |  

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

February 21, 2021 @ 9:40 pm By Omar Faridi  |  

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

February 6, 2021 @ 3:38 pm By Omar Faridi  |  

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

February 3, 2021 @ 9:51 am By JD Alois  |  

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

December 17, 2020 @ 11:33 pm By Omar Faridi  |  

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

December 4, 2020 @ 1:56 pm By JD Alois  |  

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

December 3, 2020 @ 4:48 pm By JD Alois  |  

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

August 7, 2020 @ 5:09 pm By Omar Faridi  |  

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

June 13, 2020 @ 3:47 pm By Omar Faridi  |  

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

May 18, 2020 @ 3:25 pm By Omar Faridi  |  

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

May 14, 2020 @ 10:25 pm By Omar Faridi  |  

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

May 1, 2020 @ 10:11 am By Omar Faridi  |  

Giant venture capital firm Andreessen Horowitz (a16z) has finalized its second crypto asset fund which is valued at over half a billion dollars. Established in 2009 by Marc Andreessen and Ben Horowitz in 2009, the VC firm confirmed the news on April 30, 2020. The… Read More

April 29, 2020 @ 2:18 pm By Omar Faridi  |  

tBTC, an Ethereum (ETH)-based token that’s pegged to Bitcoin (BTC), the flagship cryptocurrency, is preparing for its public launch. During the course of the next two weeks, the tBTC project is planning to introduce its technical infrastructure with the help of more than 40 digital… Read More

April 15, 2020 @ 8:39 am By Omar Faridi  |  

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) is planning to secure $450 million in capital for its second digital asset-focused fund, according to a recent report from the Financial Times (FT). Sources familiar with the matter told the FT that the giant VC firm… Read More

March 12, 2020 @ 7:15 am By Omar Faridi  |  

The Facebook-led Libra stablecoin project might now have some competition. The Celo Foundation has managed to sign up 50 organizations to its “Alliance for Prosperity” program, which aims to enable greater financial inclusion by leveraging blockchain technology and helping people transact with digital assets. Giant… Read More