Silicon Valley venture capital giant Andreessen Horowitz is preparing a new investment move focused on the crypto ecosystem. According to reports, the firm’s crypto-focused unit a16z crypto aims to raise around $2 billion for its fifth crypto fund, with plans to close the fund in the first half of 2026.
Andreessen Horowitz has been one of the most active venture investors in the crypto industry for years. One of its earliest crypto bets came in 2013 with an investment in Coinbase. The firm later formalized its strategy by launching its first dedicated crypto fund worth $300 million in 2018.
To date, Andreessen Horowitz has raised more than $7.6 billion through crypto-focused funds, including the notable $4.5 billion Crypto Fund 4 launched in 2022. The new fundraising effort comes at a time when venture capital activity in the crypto sector has significantly slowed compared to previous years.
