Marc Andreessen, Galaxy Digital, Accolade, back new $75 million crypto fund: Report

The fund was announced during an uptick of institutional interest in crypto investments.

Prominent venture capitalists Marc Andreessen, Galaxy Digital, and Accolade Partners are among the top contributors to crypto venture capital (VC) firm 1kx’s latest fund.

1kx raised $75 million, with Chris Dixon, a partner at Andreessen Horowitz, as one of the limited partners, Lasse Clausen, the founding partner of 1kx, told Bloomberg on March 28.

Private equity firm Accolade is the anchor investor in the new fund, according to Clausen.

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