Andreessen Horowitz is a venture capital firm located in Menlo Park, CA, co-founded by Marc Andreessen and Ben Horowitz in 2009.
It is known for backing both early stage and established technology companies in industries including bio/healthcare, crypto and fintech. Some of their most successful partnerships include AirBnb, Lyft, Slack, Pinterest and Coinbase. Andreessen Horowitz is also a founding member of the Libra Association, which will oversee Facebook-initiated Libra stablecoin.
Marc Andreessen has been a long-time crypto advocate, and in 2018, Andreessen Horowitz launched a $350 million venture fund dedicated to investing in crypto startups and protocols. Chris Dixon, a general partner of the new fund has indicated that the firm intends to focus on projects that will be used by a large amount of people, rather than those with speculative use cases. The fund portfolio includes crypto exchange Coinbase, decentralized cloud computing startup Dfinity and ‘green’ crypto startup Chia.
In 2020, Andreessen Horowitz – known for its tagline "Software Is Eating the World" – announced its fourth crypto fund, worth $515 million.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.