Cryptocurrencies
Andreessen Horowitz's Crypto Fund Just Made Its Biggest Bet Yet
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Venture capital giant Andreessen Horowitz is putting more money into a startup that hopes to become the foundation for the next Internet.
The blockchain-based project, called Dfinity Foundation, raised $102 million in a private sale of tokens to accredited investors, bringing its total capital raised to more than $190 million. Other backers include Polychain Capital, SV Angel, Aspect Ventures, and Multicoin Capital. Andreessen Horowitz, which said Dfinity is the biggest position in its two-month old cryptocurrency fund but declined to disclose how much it invested, participated in the project’s previous funding round with Polychain.