a16z Crypto is raising $2 billion for its fifth fund

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CoinVoice has learned that, according to Fortune magazine, the largest participant 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 insiders, speaking anonymously, revealed that the firm’s fundraising target is approximately $2 billion, with plans to complete the fundraising by the first half of 2026. Led by veteran investor and entrepreneur Chris Dixon, a16z Crypto launched its first fund in 2018 with a size of $300 million. The year prior, the blockchain boom had driven Bitcoin’s price soaring to $20k. Since then, each fund has been larger than the previous one, reaching a peak 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, an insider said that a16z Crypto plans to shorten its fundraising cycle to better seize opportunities brought by the rapid changes in the crypto industry. The previous funds were all raised within one to two years of each other.

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