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Venture capital monolith Andreessen Horowitz (a16z) announced today it has raised $2.2B for its fifth crypto-focused fund.
What's the Scoop?
- Fifth Fund: The crypto arm of venture firm a16z has raised $2.2B in committed capital for its fifth fund. Although the raise is notably shy of a16z crypto’s record $4.5B fourth fund raised in 2022, potentially signaling slowing crypto venture appetite, the firm claimed in a comment to The Block that the reduced raise was intentional, as "shorter fundraising cycles allow us to keep pace with ever-changing crypto trends."
- Onchain Momentum: According to a post published to X by a16z partner Chris Dixon, "the signal coming through [the crypto industry] is one of the most encouraging it has been in years." Stablecoin usage has climbed despite downturns in token prices, driven by payments, savings, and cross-border transfers. Meanwhile, blockchain technology is proving its worth in capital markets, with growth across perps, prediction markets, and lending is helping shape a new financial system that operates continuously at reduced costs.
We've raised $2.2B in committed capital to invest in the next generation of crypto.
— a16z crypto (@a16zcrypto) May 5, 2026
Announcing Crypto Fund 5 https://t.co/1NOPfCMM9l
