Source: Fortune
Summary
Andreessen Horowitz’s blockchain arm, a16z crypto, is raising its fifth fund, targeting around $2 billion, with plans to close the raise by the end of the first half of 2026. The firm, led by Chris Dixon, has been a major player in the crypto venture world since its first $300 million fund in 2018. Despite the current crypto market struggles, a16z crypto has backed several successful projects, including Anchorage, Kalshi, and Uniswap. The new fund will focus on blockchain investments, with Dixon arguing that finance is part of the broader “read write own” thesis.
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The numbers tell one story.
a16z crypto’s fifth fund raise comes as the crypto market struggles, with Bitcoin down by almost half since its all-time high in October. Dixon’s “read write own” philosophy has been scrutinized, with some projects, like Farcaster, failing. The firm is now focusing on blockchain investments, with recent deals including Babylon, Kairos, and Jito. Despite the challenges, a16z crypto remains a major player in the crypto venture world, with a track record of backing successful projects.
The announcement sounds like a vote of confidence in a struggling market.
