a16z Crypto Goes Big Again With $2B Fifth Fund

The crypto venture capital giant isn't slowing down. Andreessen Horowitz's blockchain-focused division, a16z Crypto, is targeting approximately $2 billion for its fifth fund.

The firm plans to close the raise by the end of the first half of 2026. That's an ambitious timeline, but a16z Crypto isn't exactly a newcomer to big fundraises.

As the largest dedicated crypto venture player in the game, the firm has consistently placed massive bets on blockchain infrastructure and Web3 startups across multiple fund cycles.

A $2 billion target signals continued institutional confidence in crypto despite the sector's notorious volatility. It also cements a16z's position as the dominant force in blockchain venture funding, dwarfing most competitors in the space.

The fundraising circuit never sleeps — and neither does a16z Crypto.