Saudi Arabia has disclosed investments in nearly 40 US venture capital firms, including some deep in crypto, blockchain and Web3-related investments, Blockworks reports. 

Sanabil, the venture arm of the Saudi sovereign wealth vehicle Public Investment Fund, commits around $2 billion annually into multiple funding rounds to develop businesses with novel business models, according to its website.

The fund now lists investments in the likes of Andreessen Horowitz (A16z), Coatue Management, KKR and Peter Thiel-backed Valar Ventures. 

Funds associated with Web3 and blockchain: A16z, Polychain Capital, Griffin Gaming Partners, 500 Startups, 9Yards, B Capital, Collaborative Fund, Costanoa, Craft Ventures, Dragoneer, Greenoaks Capital, Human Capital, ICONIQ Capital, Insight Partners, KKR, Legend Capital, Race Capital, Soma Capital, TCV, Techstars, Third Point Venture, Uncorrelated, Valar Ventures, Valor Equity Partners and Village Global.