Venture capitalist Marc Andreessen, alongside Accolade Partners and Galaxy Digital, were notable investors in crypto VC firm 1kx‘s latest fund, which raised $75 million, with Chris Dixon of Andreessen Horowitz also participating as a limited partner. Despite the recent surge in cryptocurrency values, VC funding has been slower to catch up, maintaining attractive valuations for early-stage rounds, according to 1kx founding partner Lasse Clausen. With a focus on consumer-targeted crypto applications, 1kx has already made approximately five investments from its new fund, adding to its existing portfolio which includes companies like Kiln, Pudgy Penguins, Rarible, and The Sandbox.
Marc Andreessen, Galaxy Digital Back $75 Million Crypto VC Fund
