Andreessen Horowitz reportedly expects to raise $3.4 billion for its next early and seed-stage venture funds.

Axios reported Monday that a16z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024.

Blockworks reached out to a16z but didn’t receive an immediate response.

While a16z is chiefly known for focusing on tech, the burgeoning AI sector, and social media platforms for investment, the firm’s portfolio also includes buying in crypto projects and businesses. 

A16z’s notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero,…

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