<\/p>\n
Andreessen Horowitz reportedly expects to raise $3.4 billion for its next early and seed-stage venture funds.<\/p>\n
Axios reported<\/a> Monday that a16z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024.<\/p>\n Blockworks reached out to a16z but didn\u2019t receive an immediate response.<\/p>\n While a16z<\/a> is chiefly known for focusing on tech, the burgeoning AI sector, and social media platforms for investment, the firm\u2019s portfolio also includes buying in crypto projects and businesses.\u00a0<\/p>\n A16z\u2019s notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea and Worldcoin, among others.<\/p>\n Crypto investing will remain a priority, with new investing vehicles coming in 2025, Axios reported.\u00a0<\/p>\n Among the firm\u2019s recent crypto investments was smlXL, which raised $13.4 million in late October.<\/a>\u00a0<\/p>\n In September 2022, a16z Crypto led a $16.8 million seed round for NFT-focused startup IYK<\/a> alongside Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.<\/p>\n A16z has demonstrated growing interest in the UK market as well.<\/p>\n A16z wrote to the UK government in May in response to a February call for consultation on crypto regulation<\/a>. The venture firm urged the country to avoid a \u201cone-size-fits-all\u201d approach<\/a> and criticized US regulators for relying on the \u201cdifficult to enforce\u201d Howey test for its securities regulation framework.<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\n
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