a16z Targets $2B for Fifth Crypto Fund, Marking VC Comeback
Andreessen Horowitz’s crypto arm is said to be raising roughly $2 billion for its fifth dedicated crypto fund, a notable step up that echoes the firm’s ongoing commitment to digital-asset investing. If realized, the size would place the vehicle among the larger crypto-focused funds raised since the market downturn, signaling that some institutional investors and limited partners are again willing to back sizeable bets in infrastructure, protocols and web3 startups.
The move matters because fresh, large pools of venture capital can accelerate product development, token launches and ecosystem growth, while also impacting valuations across early-stage projects. It comes amid persistent regulatory scrutiny and market volatility, so the raise would reflect both confidence in long-term sector fundamentals and a readiness to navigate political and compliance risks as firms chase the next wave of crypto innovation.