Andreessen Horowitz’s crypto arm is back available in the market with a fifth enterprise fund, even because the digital asset sector navigates a slower funding atmosphere, Fortune reported.
A16z crypto goals to increase $2 billion for the fund and hopes to shut the method in the course of the first half of 2026, Fortune mentioned, citing unidentified sources.
The enterprise capital agency declined to touch upon the fundraising effort to Fortune, and neither the agency nor its PR workforce in London responded to a CoinDesk request for affirmation earlier than publication.
The goal is considerably beneath the corporate’s fourth fund, which raised $4.5 billion in 2023 and stays one of the biggest devoted crypto enterprise funds ever assembled. Nonetheless, it is bigger than the $650 million Dragonfly Capital raised final month.
The reported dimension suggests a extra cautious method to enterprise capital deployment as crypto markets cool from the highs seen solely final 12 months. Dragonfly’s was one of the biggest raises within the sector at a time when many blockchain-focused VCs are struggling, according to Haseeb Qureshi, the agency’s managing accomplice.
Led by basic accomplice Chris Dixon, a16z crypto has been one of essentially the most influential traders within the digital asset sector, backing initiatives corresponding to decentralized alternate Uniswap, digital asset platform Anchorage Digital and Jito Community, a core infrastructure protocol. Since its first $300 million crypto fund in 2018, the agency has performed a significant function in bringing institutional enterprise capital into blockchain startups.
In an X post last month, Dixon mentioned he sees crypto as coming into what he describes as its “monetary period,” the place blockchain-based monetary functions may function the inspiration for broader decentralized web providers.
