a16z Plans $2 Billion Fifth Crypto Fund

Andreessen Horowitz, or a16z, has long backed Web3 and blockchain, with its a16z Crypto arm investing in related startups through several funds. Even as some peers pivot toward AI, robotics and other fields, a16z is preparing a fifth crypto fund, reflecting its view that applications such as stablecoins and prediction markets are moving rapidly into mainstream finance. For readers encountering the story for the first time, the fundraising is more than a standalone capital raise: it is a significant sign that a major venture-capital firm is extending its crypto strategy.

a16z Crypto initially planned to raise about $2 billion for Crypto Fund 5 and aimed to complete the fundraising by mid-2026. The latest figures show it has raised $2.2 billion, about $200 million above the original target. The new fund will focus on stablecoins, prediction markets and other blockchain applications. a16z said crypto fundamentals were at an “all-time high,” signaling that it is continuing to expand its investment capacity despite challenging market conditions.