Andreessen Horowitz's crypto investment arm closed its fifth fund at $2.2 billion, down significantly from its record $4.5 billion Fund 4 in May 2022. The firm has now raised approximately $9.8 billion across all five funds.
a16z crypto's latest raise reflects a shift in the venture capital landscape following the crypto market downturn that peaked in late 2022. The $2.2 billion Fund 5 represents roughly half the size of Fund 4, marking a notable contraction for the prominent crypto investor.
Despite the smaller fund size, a16z crypto cited growing adoption of stablecoins as a key investment thesis moving forward. The firm has maintained its position as one of the largest crypto-focused venture capital investors globally.
The Fund 5 close comes as broader venture capital markets have contracted following record fundraising in 2021 and 2022. Several major crypto firms faced significant setbacks during this period, including the collapse of FTX and regulatory scrutiny across digital asset markets.
a16z crypto continues to back blockchain infrastructure, decentralized finance, and Web3 applications despite market headwinds.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.
Crypto investor Katie Haun has closed $1 billion in new venture funds, marking an expansion beyond digital assets into artificial intelligence and agentic finance.
Polymarket has partnered with blockchain analytics firm Chainalysis to deploy detection tools designed to identify insider trading patterns on its prediction market platform.
The Securities and Exchange Commission has postponed releasing an 'innovation exemption' that would permit crypto firms to trade tokenized versions of U.S. stocks, according to sources cited by Bloomberg.