A16z, often known as Andressen Horowitz, is a leading cryptocurrency venture capital fund. Marc Andressen and Ben Horowitz founded it in 2009, and it is named after them. A16z, based in California, has established itself as one of the largest funds in the industry. It successfully liquidated its coinbase stake after participating in eight separate stages between 2013 and 2020.
Ava Labs
Ava labs is the creator of the Avalanche, a layer one blockchain with a market capitalization of more than $4 billion at the time of writing. In february 2019, Ava labs raised $6 million in a financing round led by a16z and additional investors such as polychain.
Celo
Celo is a one layer blockchain that provides a payment platform using its blockchain. Celo secured $20 million in february 2021 from a16z and other venture capital firms such as Greenfeild One and Electric Capital. Celo is a future L1 chain that aims to create a long term proof-of-stake-based blockchain system.
DydX
DydX is a decentralized exchange that primarily deals in the margin, derivatives, and spot trading. In October 2018, it secured a $10 Million series A investment by a16z. In June 2021, a16z led another $65 million Series C financing.
Keep Network
Keep network is a network that provides off-chain containers for storing and encrypting private data on blockchains. The startup has raised $8.7 million in three funding rounds, with a16z participating in the seed round. Polychain and Parafi are two more keep-network investors.
MarkerDao
DAI, a decentralized stablecoin, is created by Maker. DAI is tied to the US dollar, with MakerDAO, serving as the governance structure in charge of DAI stablecoin development and supply. In September 2018, A16z invested $15 million in MakerDAO.
Near Protocol
Nera Protocol is a layer one blockchain designed to function as a cloud computing platform and overcome the restrictions that existing blockchains have. In comparison to its competitors, it claims faster transaction speeds and higher throughput . near Protocol raised $21.6 million in a fundraising round headed by a16z in may2020.
OpenSea
OpenSea is a premier NFT marketplace for the most valuable NFT collections . It currently has over $3million NFTs for sale and expects to have daily trading volumes for more than $30 million by 2024. A16z led a $23 million Series A investment round that included angel investors such as Mark Cuban and Tim Ferris.
Solana
Solana is a layer-one chain that is frequently compared to Ethereum. Solana has created one of the most competitive NFT ecosystems, with big gaming and DeFi apps in development, including household names like as Audius and Stepn. Solana labs, the development company behind Solana, raised $314 million from numerous investors, including a16z in June 2021.
Uniswap
The automated market maker (AMM) trading methodology was invented by Uniswap, a decentralized trading system. It debuted in November 2018 and has since risen to become the world’s leading decentralized exchange. Uniswap received $11 million in a Series A round from a16z and other investors like Parafi Capital and Paradigm in August 2020. In October 2022, the business closed another funding round with a total of $165 million from a16z and funds such as Polychain Capital and Paradigm in a Series B round.
Sky Mavis
Sky Mavis is the creator of Axie Infinity, the first significant play-to-earn hit. Axie Infinity was valued at more than $150 million at its height, but has since lost value owing to the bear market sending many token prices into severe price corrections. Sky Mavis received $152 million in a Series B round with participation from a16z in October 2021. Axie Infinity had over 2 million daily active players at the time. In April 2022, the company closed another $150 million Series C round, with participation from a16z and other companies such as BNB and Animoca Brands.