Hassan Maishera
TL;DR
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The firm venture capital giant, a16z, is looking to raise $2 billion for what will be its fifth crypto vehicle.
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This comes as cryptocurrency investments have declined in the last two years.
A16z to Raise $2B for its Fifth Crypto Fund
Andreessen Horowitz, one of the leading VC firms in the crypto space, is looking to raise $2 billion for what will be its fifth crypto-focused fund.
In a report by Fortune on Wednesday, the firm aims to finish the fundraising by the end of the first of 2026.
This latest development comes as A16z has been a leading crypto investor over the last 13 years. It was one of the earliest backers of Coinbase and has raised at least $7.6 billion across its dedicated crypto funds, including its massive $4.5 billion fundraise in 2022.
That 2022 vehicle, “Crypto Fund 4,” was split $1.5 billion for seed and $3 billion for venture investments, the report added.
This latest development comes as crypto investment cycles have slowed down in recent years since the highs of 2022. In 2022, crypto projects raised more than $86 billion across 329 funds. However, this number drastically declined to $11.2 billion in 2023, $7.95 billion in 2024, according to The Block Pro’s data.
In addition to that, quarterly deal counts have massively declined. So far in Q1 2026, there have been a total of 97 venture investments, compared to 427 in the same quarter the year prior and 724 in Q1 2024.
In January, the VC firm revealed that it raised $15 billion for several new funds, representing “over 18% of all venture capital dollars allocated in the United States in 2025.”
In addition to the crypto market, A16z is also actively invested in several areas, including bio and health, infrastructure, and other venture strategies.
