A16z, a16z's raising billions for crypto funds

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A16z, a16z's raising billions for crypto funds

If the crypto investment craze of 2021 could be named Andreessen Horowitz, that would be Andreessen Horowitz, or a16z for short. The well-known VC firm has raised more than $7.6 billion for its cryptocurrency funds.

Crypto is not doing well in the last few months, and yet, he said, Crypto isn't doing so well this year. Crypto funding for the fifth consecutive quarter has dropped, TechCrunch's Jacquelyn Melinek said earlier this summer. At TechCrunch Disrupt, we invited a16z general partner, Arianna Simpson, to take the pulse of the crypto ecosystem.

In other words, investment and funding rounds will pick up again in the near future. But it doesn't mean that founders should wait for crypto to be back in fashion again.

A16z itself hasn't deployed all its capital in one day. The reason that VC has raised so much money for its crypto funds is that it thinks the opportunity is massive. But a16z has deployed less than half of its crypto fund so far.

Earlier this year, a16z announced its first international office in London. Many saw it as a sign that the regulatory environment was too unpredictable in the U.S. and that a16z was looking for another market with a more stable regulatory framework.

''I think we have some work to do to create a regulatory framework that makes founders feel comfortable and they're able to actually build great technology products here without worrying about possible repercussions,'' Simpson said.

'I definitely not pivoting to AI,' Simpson said in a statement.