a16z Crypto is Raising $2 Billion for Its Fifth Fund


According to Fortune magazine, the largest player in the crypto venture capital space is returning to the fundraising market. Andreessen Horowitz's blockchain investment arm, a16z Crypto, is currently raising its fifth fund.
Several sources familiar with the matter disclosed that the organization's fundraising target is approximately $2 billion, with plans to complete the fundraising by the first half of 2026. Led by seasoned investor and entrepreneur Chris Dixon, a16z Crypto launched its first fund in 2018 with a size of $300 million. The previous year, the blockchain boom had driven Bitcoin prices to $20,000. Since then, each fund has been larger than the last, peaking in 2022 with a $4.5 billion fund, which is still actively investing.
Although the latest fund is less than half the size of the previous one, a source said that a16z Crypto plans to shorten its fundraising cycle to better capitalize on the rapidly changing opportunities in the crypto industry. Previous funds were typically raised within one to two years of each other.
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