A16z looks to raise $2 billion for its fifth crypto fund: Fortune
The Block
Andreessen Horowitz is reportedly aiming to raise $2 billion for its fifth crypto fund by the end of Q1 2026.Summary
Andreessen Horowitz (a16z) is reportedly targeting $2 billion for its fifth crypto-focused fund, with the goal of concluding the fundraising process by the end of the first quarter of 2026, according to Fortune. A16z has been a significant crypto investor since 2013, launching its first dedicated crypto fund in 2018 with $300 million. To date, the firm has raised at least $7.6 billion across its crypto funds, including the massive $4.5 billion Crypto Fund 4 in 2022. This planned fundraising effort comes during a period of slowing crypto investment, as evidenced by a significant drop in total funds raised and quarterly deal counts between 2022 and early 2026.
(Source：The Block)