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a16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner

According to a16z Crypto, the $2.2 billion fifth fund will back founders building infrastructure-led applications across digital assets, adding investment focus details to the firm’s latest fundraising announcement.

Fact Check
The claim is confirmed with high confidence by at least four independent, authoritative sources all published on May 5, 2026: The Block, Fortune, Forbes (via official X post), and The Information. All sources consistently report the $2.2 billion figure for a16z crypto's fifth fund and the promotion of CTO Eddy Lazzarin to general partner. The Block article provides the most detail, identifying Lazzarin as the fourth general partner and noting the fund is 100% crypto-focused. Fortune corroborates the total capital raised figure of $9.8 billion across five funds. There is no conflicting evidence from any source.
Summary

a16z Crypto said it raised $2.2 billion for its fifth crypto-focused fund and promoted Eddy Lazzarin to general partner. The firm said Lazzarin, who joined in 2019 and has served as CTO since 2023, will expand his role across portfolio support and token strategy while also helping deploy the new fund. According to a16z Crypto, the fifth fund is aimed at supporting founders building infrastructure-led applications across digital assets, adding more detail on how the capital is intended to be invested.

Terms & Concepts
  • General partner: A senior venture capital executive who helps lead investment decisions, fund management, and portfolio oversight.
  • Token strategy: A plan for how a crypto project designs, uses, and manages its digital token within its product, network, or ecosystem.
  • Crypto fund: An investment fund focused on digital assets, blockchain startups, tokens, or related market infrastructure.