Andreessen Horowitz's crypto arm has closed a $2.2 billion fifth fund focused on stablecoins, perpetual futures, prediction markets, and tokenized assets. Fund 5 is less than half the firm's record $4.5 billion fourth fund, bringing its total crypto capital to $9.8 billion across five funds since 2018.
Andreessen Horowitz (a16z) raises $2.2 billion for its fifth crypto-focused fund. The fund follows a record $4.5 billion fourth crypto fund raised in 2022, while the firm maintains shorter fundraising cycles to keep pace with trends in the crypto sector.
Andreessen Horowitz (a16z) launches its $2.2 billion Crypto Fund 5 to invest in blockchain startups across different stages of development. The firm plans to deploy the fund's capital over the next several years, prioritizing practical products such as payments and financial services.
a16z crypto raises a $2.2 billion fund, its fifth, bringing the firm’s total fundraising to $9.8 billion. The firm also promotes CTO Eddy Lazzarin to general partner, joining Chris Dixon, Ali Yahya, and Guy Wuollet on its investing team. The fund is dedicated entirely to crypto entrepreneurs, even as crypto trading and startup investment slow.