In brief
- Andreessen Horowitz raised $2.2 billion for Crypto Fund 5, bringing its total crypto investment vehicles to $9.8 billion.
- The fund is smaller than a16z’s record $4.5 billion fourth fund raised in 2022 but matches its 2021 fund size.
- The firm has backed numerous crypto giants, including Coinbase, Solana, and Kalshi.
Andreessen Horowitz said Tuesday that it has raised $2.2 billion for its fifth crypto fund, bringing the firm’s total crypto capital under management to nearly $9.8 billion.
The firm’s a16z Crypto arm has backed some of the industry’s biggest companies, including crypto exchange Coinbase, prediction market giant Kalshi, blockchain network Solana, and decentralized exchange Uniswap. Now the venture capital giant…
