a16z will invest $30 million in multiple startups over the next 45 days

Venture capital firm Andreessen Horowitz (a16z) announced on Monday that it plans to invest $30 million in multiple startups. Andrew Chen, a general partner at a16z, stated on X that he plans to invest $30 million through the a16z Speedrun program within the next 45 days. Each startup that joins the Speedrun program will receive $750,000. The company's gaming fund was launched in 2022 and invests in the development of various gaming-related technologies, including Web3.