In 2018, Andreessen Horowitz made a splash in the venture capital world by launching a spinoff dedicated to digital assets called a16z Crypto. Eight years later—perhaps recognizing that the term “crypto” has fallen out of favor—the VC giant announced Thursday that it was rebranding to a16z Frontier, and expanding its scope to back startups developing artificial intelligence, robotics, and other emerging technologies.
Managing partner Chris Dixon will lead the fund alongside Marc Andreessen, Ben Horowitz, and general partners Eddy Lazzarin and Guy Wuollet. The shift expands the scope of its $2.2 billion fund announced in May, though the firm will continue backing crypto startups and advocating for crypto regulation.
