Matter Labs, the firm behind Ethereum Layer 2 scaling protocol zkSync has raised $50 million in a Series B funding round led by Andreessen Horowitz (a16z), the company said Monday.The funding will be used to finance Matter Labs’ business growth, including expanding scientific and engineering teams.Other investors in the round included Placeholder, Dragonfly and 1kx, who also … [Read more...] about Andreessen Horowitz Leads $50M Funding Round for Matter Labs
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Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz
San Francisco-based blockchain web services company Alchemy announced a $250 million Series C fundraising round led by Andreessen Horowitz on Thursday, bringing its current valuation to $3.5 billion.This announcement comes hot on the heels of a late April $80 million Series B, which previously valued the startup at $505 million. Pantera Capital, Redpoint, Lightspeed Venture … [Read more...] about Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz
Andreessen Horowitz considers launching crypto-centric $1 billion venture fund
Silicon Valley venture capital giant Andreessen Horowitz (a16z) plans to launch a new $1 billion fund focused on investments in cryptocurrencies and blockchain startups, several knowledgeable sources told Financial Times yesterday.Per the report, the firm is looking to raise between $800 million and $1 billion from investors for the new fund, which will become the third a16z’s … [Read more...] about Andreessen Horowitz considers launching crypto-centric $1 billion venture fund