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a16z Seeks to Raise $2 Billion for Its Fifth Crypto Fund

a16z Seeks to Raise $2 Billion for Its Fifth Crypto Fund

Andreessen Horowitz’s crypto division targets $2 billion for its fifth venture fund, with a planned close in early 2026, as the firm adjusts its strategy following the success of its $4.5 billion 2022 fund.

Fact Check
The claim is supported by a detailed exclusive report from Fortune (March 4, 2026), which cites multiple sources familiar with the matter. The report specifies the $2 billion target, the mid-2026 closing date, and the leadership of Chris Dixon. While a16z's CMO declined to comment, the consistency of the reporting across major financial and crypto news outlets (The Block, PANews, Yahoo Finance) strongly supports the claim.
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Summary

Andreessen Horowitz’s crypto arm, a16z Crypto, is looking to raise around $2 billion for its fifth venture fund, expected to close in early 2026. The new fund, smaller than its $4.5 billion fourth fund, reflects a more cautious approach due to shifting market conditions in the blockchain and crypto sectors. The firm continues to emphasize its commitment to backing blockchain startups and the evolution of decentralized financial applications.

Terms & Concepts
  • a16z Crypto: The cryptocurrency and web3-focused investment division of venture capital firm Andreessen Horowitz, backing blockchain startups and digital asset infrastructure.
  • Blockchain: A decentralized digital ledger technology that records transactions across distributed networks, forming the foundational infrastructure for cryptocurrencies and many web3 applications.