a16z Crypto is raising $2 billion for its fifth fund

BlockBeats News, March 5th. According to Fortune magazine, the largest participant in the crypto venture capital field is returning to the fundraising market. The blockchain investment department a16z Crypto, under Andreessen Horowitz, is currently raising its fifth fund. Multiple sources familiar with the matter disclosed this information to Fortune on the condition of anonymity to discuss related confidential business operations.

One of the sources stated that the institution's fundraising target is approximately $2 billion and is planning to complete the fundraising by the first half of 2026.

a16z Crypto, led by veteran investor and entrepreneur Chris Dixon, launched its first $300 million fund in 2018. The previous year, the blockchain frenzy had driven the price of Bitcoin to $20,000. Subsequently, each fund has been larger than the previous one, peaking in 2022 with the introduction of a "megafund" as large as $4.5 billion, which is still actively investing.

Although the size of the latest fund is less than half of the previous one, a source mentioned that a16z Crypto plans to shorten the fundraising cycle to better seize opportunities brought by the rapidly changing trends in the crypto industry. The previous funds were all raised within one to two years of each other.