Key Takeaways
- • Andreessen Horowitz is dropping the term “crypto” from the name of its flagship blockchain fund, a16z crypto, according to The Information.
- • a16z crypto has raised nearly $10 billion across five funds, making it one of the largest dedicated blockchain venture vehicles.
- • The firm has informed some of its limited partners of the name change.
Summary
Andreessen Horowitz, which the report describes as having made one of the boldest bets on blockchain investments in the venture industry, is removing the word “crypto” from the name of its fund focused on the category. The fund is known as a16z crypto, and The Information first reported the change.
A16z crypto has raised nearly $10 billion across five funds. The firm has informed some of its limited partners of the decision. The reporting available for this story does not detail the rationale for the rename or whether the fund’s investment strategy will change.
For institutional allocators and limited partners in the fund series, the change is primarily a branding and documentation matter, since it affects how the vehicles are referred to in investor communications and reporting. Further detail on the revised fund names and any strategic shifts had not been reported at the time of publication.
A16z crypto has raised nearly $10 billion across five funds. The firm has informed some of its limited partners of the decision. The reporting available for this story does not detail the rationale for the rename or whether the fund’s investment strategy will change.
For institutional allocators and limited partners in the fund series, the change is primarily a branding and documentation matter, since it affects how the vehicles are referred to in investor communications and reporting. Further detail on the revised fund names and any strategic shifts had not been reported at the time of publication.
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