a16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner
The Block
Andreessen Horowitz’s crypto division has launched a $2.2 billion fund and promoted Eddy Lazzarin to general partner.Summary
Andreessen Horowitz’s crypto division, a16z crypto, has raised $2.2 billion for its fifth fund, maintaining a strategy focused exclusively on blockchain technology. While smaller than its record-breaking fourth fund, this move aligns with the firm's goal of maintaining flexibility in rapidly evolving crypto markets. Additionally, the firm has promoted its chief technology officer, Eddy Lazzarin, to the role of general partner.
(Source：The Block)