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Andreessen Horowitz's Crypto Venture Arm Seeks $2B for Fifth Fund: Fortune

a16z is renewing its crypto commitment, raising a new fund in spite of downtrodden market conditions.
Andreessen Horowitz's Crypto Venture Arm Seeks $2B for Fifth Fund: Fortune
Jack Inabinet Jack Inabinet
Mar 4, 2026 • 1 min read
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Fortune is reporting that venture giant Andreessen Horowitz (a16z) wants to raise $2B for its fifth crypto fund. The fund is allegedly targeting a close date sometime in the first half of 2026.

What's the Scoop?

  • Fifth Fund: According to multiple anonymous sources cited by Fortune, a16z a16z crypto (the blockchain arm of Andreessen Horowitz) is currently raising its fifth fund. One of the sources indicated the firm is targeting around $2B, and plans to close the raise by the first half of 2026.
  • Raise Rumors: Two days ago, The Wall Street Journal reported that crypto-fouced VC Paradigm Paradigm is broadening its mandate, raising $1.5B for a new fund that allow it to invest in other "frontier technology" industries beyond crypto, including artificial intelligence and robotics. 
Exclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say | Fortune
The Chris Dixon-led firm is planning to close the fundraise in the first half of 2026.
FortuneBen Weiss


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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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