a16z Crypto is raising $2 billion for its fifth fund

ZkProver · 2026-03-05T00:16:37+00:00

Andreessen Horowitz's a16z Crypto is raising its fifth fund, targeting $2 billion, with plans to close in the first half of 2026. Although this fund is smaller than the previous one, it aims to quickly adapt to changes in the crypto industry.

ZkProver

2026-03-05 00:16:37

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ChainCatcher reports that 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 anonymously revealed that the fund’s target is approximately $2 billion, with plans to complete 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 $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 rapid changes and opportunities in the crypto industry. Previous funds were raised within one to two years of each other.

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