a16z Crypto is raising $2 billion for its fifth fund

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BlockBeats News, March 5 — 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 anonymous sources told Fortune about this to discuss the confidential business operations involved.

One source said the fund aims to raise about $2 billion and plans to complete the fundraising by the first half of 2026.

Led by veteran investor and entrepreneur Chris Dixon, a16z crypto launched its first $300 million fund in 2018. 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 massive $4.5 billion “giant” fund, which is still actively investing.

Although the latest fund is less than half the size of the previous one, a source said a16z crypto plans to shorten its fundraising cycle to better seize opportunities from the rapid changes in the crypto industry. Previous funds were raised within one to two years of each other.

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ABigHeartvip
· 03-05 00:04
a16z Crypto, the blockchain investment arm of Andreessen Horowitz, is raising its fifth fund, targeting approximately $2 billion, with plans to close in the first half of 2026. Although the size is smaller than the previous $4.5 billion mega fund, the fundraising cycle will be shortened to adapt to the rapid changes in the crypto industry.
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