Raising funds against market headwinds amid a downturn, a16z Crypto’s fifth fund targets $2 billion.
Author: Fortune
Translation & Compilation: TechFlow
TechFlow Intro: The largest player in crypto venture capital has launched a new fundraise just as Bitcoin prices have halved from recent highs. The target size has shrunk to less than half that of its 2022 fund. More notably, the industry ecosystem is fragmenting: Paradigm is pivoting toward AI and robotics; a Multicoin founder has departed; while a16z remains fully committed to blockchain—a high-stakes bet whose outcome will define who sets the agenda in the next crypto cycle.
Full Text Below:
The biggest player in crypto venture capital has returned to the fundraising trail. According to…
