A16z, Polychain Invest $25 Million in Crypto Payments Startup Celo
Mobile-friendly cryptocurrency payments startup Celo has raised millions from A16z and Polychain in a private token sale.
NEAR announced Monday the closing of a $21.6 million token sale involving a16z, Pantera and others. It also revealed the stealth-mode launch of the NEAR mainnet on April 22.
Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.
a16z says high quality projects in the past cycle (some being startups in its own portfolio) will drive growth in the next.
Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.
Arweave, a startup building a decentralized storage protocol for the world's knowledge, raises $5 million via token sale from a16z, USV and Multicoin.