This comes at a time when US regulators are intensifying their scrutiny of the cryptocurrency industry.
Flow is a real estate startup that aims to revolutionise the residential housing industry.
Adam Neumann is starting a new real estate company called Flow; and it notably has the financial support of prominent Silicon Valley venture capital firm Andreessen Horowitz - an early investor in everything from Facebook to Airbnb
The firm is dedicating $3 billion to venture investments and $1.5 billion to seed investments.
About $1.3 billion from the fund will be used to invest in seed rounds of startups and $3 billion for venture investments, the company said in a blog post.
Andreessen Horowitz's new fund will invest in three key areas -- game studios, gaming-focused consumer companies, and infrastructure.
Andreessen Horowitz will be investing $400 million in the Twitter takeover deal, thus creating a conflict for co-founder Marc Andreessen, who is also on the board of rival Meta Platforms. Twitter CEO Parag Agrawal and wife Vineeta Agarwala's relationship too may get more complicated as she is a general partner at Andreessen Horowitz.
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It wasn't immediately clear what Rane's role would be and where he would be based, but one source told Moneycontrol that this could be a sign of a16z launching operations in India.
Silicon valley startup 21 Inc has raised USD 116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
Venture firms Andreessen Horowitz, Google Ventures, and Kleiner Perkins Caufield & Byers are teaming up to provide funding for startups working with Google Glass, the hybrid eyeglasses and smartphone developed by Google.
Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of USD 2 billion to USD 2.5 billion, the Wall Street Journal reported on Tuesday.