a16z announced the establishment of its first mega fund in Asia in Japan

ChainCatcher news, according to the Nikkei, the large American venture capital firm Andreessen Horowitz (a16z) has announced that it will establish its first mega fund in Asia in Japan. It is understood that NTT Group and other companies are participating in the investment of this fund.

It is reported that this fund aims to include Japanese companies active in venture capital as an alternative source of funding to China.