How A16z’s Record $15B Fundraise Signals Crypto’s Strategic Importance
Andreessen Horowitz raised more than $15 billion across multiple funds, representing approximately 18% of all U.S. venture capital allocated in 2025.
The Silicon Valley firm’s largest fundraise brings total assets under management to over $90 billion.
The capital will target AI and cryptocurrency alongside infrastructure, growth, and bio and health sectors.
What Happened
The $15 billion raise occurred during 2025’s weakest venture capital fundraising environment since 2017.
U.S. venture firms collected $66 billion total last year, down 35% from 2024 and 70% below 2022’s peak.
Andreessen Horowitz allocated $6.75 billion to its fifth growth fund, $1.7 billion each for infrastructure and apps, and $1.176 billion for American…
