A16z and Coinbase execs back new crypto VC fund Canonical 

Quick Take

  • VC firm Canonical Crypto has raised $20 million for its first fund. 
  • The fund is launched by angel investor Anand Iyer and backed by high-profile investors, including Andreessen and Dixon of a16z.

New venture capital firm Canonical Crypto has officially launched with its inaugural $20 million fund, joining a series of crypto funds raised in recent weeks.

Canonical Crypto's backers include Marc Andreessen and Chris Dixon of Andreessen Horowitz (a16z), Shan Aggarwal of Coinbase Ventures, Amy Wu of FTX Ventures, Haseeb Qureshi of Dragonfly Capital, Semil Shah of Haystack VC and Dan Romero, an early employee of Coinbase,