A16z crypto raises $2.2 billion for fifth crypto fund
Updated
Updated · The Information · May 5
A16z crypto raises $2.2 billion for fifth crypto fund
13 articles · Updated · The Information · May 5
The raise brings its total committed crypto capital to $9.8 billion, though the new fund is about half the size of its $4.5 billion 2022 vehicle.
The firm said it will back founders building everyday-use products, highlighting stablecoins, perpetual futures and prediction markets as promising areas despite a quieter market cycle.
Crypto fundraising has become harder as investor attention shifts to artificial intelligence and the post-2024 election rally cools; rival Haun Ventures this week announced $1 billion across two new crypto funds.
With markets in 'extreme fear', what does Andreessen Horowitz see that prompts a $2.2 billion bet on a crypto rebound?
Can tokenizing trillions in real-world assets democratize finance, or will it introduce unprecedented systemic risk?
As AI and crypto converge, will blockchain create transparent AI or unleash new automated financial threats?