Andreessen Horowitz crypto arm said to seek $2 billion for fifth fund: Fortune
The venture firm led by Chris Dixon is reportedly aiming to close its fifth crypto fund in the first half of 2026, signaling continued bets on blockchain startups.
By Olivier Acuna|Edited by Sheldon Reback Mar 5, 2026, 11:10 a.m.
Make us preferred on Google
What to know:
- Andreessen Horowitz’s crypto arm is seeking to raise a $2 billion fifth venture fund, with a target close in the first half of 2026, according to Fortune.
- The planned fund is less than half the size of a16z crypto’s $4.5 billion fourth fund raised in 2023, reflecting a more cautious venture environment even though it would still rank among the larger crypto funds.
- The firm's head, Chris Dixon, argues the industry is entering a "financial era" focused on blockchain-based financial applications.
Andreessen Horowitz’s crypto arm is back in the market with a fifth venture fund, even as the digital asset sector navigates a slower investment environment, Fortune reported.
A16z crypto aims to raise $2 billion for the fund and hopes to close the process during the first half of 2026, Fortune said, citing unidentified sources.
The venture capital firm declined to comment on the fundraising effort to Fortune, and neither the firm nor its PR team in London responded to a CoinDesk request for confirmation before publication.
The target is significantly below the company's fourth fund, which raised $4.5 billion in 2023 and remains one of the largest dedicated crypto venture funds ever assembled. Still, it's larger than the $650 million Dragonfly Capital raised last month.
The reported size suggests a more cautious approach to venture capital deployment as crypto markets cool from the highs seen only last year. Dragonfly's was one of the largest raises in the sector at a time when many blockchain-focused VCs are struggling, according to Haseeb Qureshi, the firm's managing partner.
Led by general partner Chris Dixon, a16z crypto has been one of the most influential investors in the digital asset sector, backing projects such as decentralized exchange Uniswap, digital asset platform Anchorage Digital and Jito Network, a core infrastructure protocol. Since its first $300 million crypto fund in 2018, the firm has played a major role in bringing institutional venture capital into blockchain startups.
In an X post last month, Dixon said he sees crypto as entering what he describes as its “financial era,” where blockchain-based financial applications could serve as the foundation for broader decentralized internet services.
More For You
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
By CoinDesk ResearchFeb 27, 2026
Commissioned byPudgy Penguins
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
What to know:
- Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
More For You
Trump-backed American Bitcoin board members scoop up stock following earnings
By Will Canny|Edited by Stephen Alpher31 minutes ago
Board members Justin Mateen and Richard Busch bought roughly 1.6 million shares after the trading window reopened following the bitcoin miner’s latest earnings report.
What to know:
- American Bitcoin board members Justin Mateen and Richard Busch purchased roughly 1.63 million shares combined in open-market buys.
- The bitcoin miner reported a $59 million fourth quarter loss, while Eric Trump said the firm now holds over 6,500 BTC, ranking it the 17th-largest publicly traded bitcoin holder.
- ABTC pursues a dual strategy of mining and direct BTC purchases and recently bought 11,298 ASIC miners to boost capacity by about 12%.
Bitcoin holds above $72,000 as crypto market pauses after breakout
21 minutes agoTrump-backed American Bitcoin board members scoop up stock following earnings
31 minutes ago
Chamath Palihapitiya questions bitcoin’s role as central bank reserve asset
54 minutes agoZeroHash applies for national trust bank charter to expand regulated stablecoin services
1 hour ago
IREN to expand processing capacity by 50%, prepares at-the-market offering
1 hour ago
Bitcoin traders, alert: The rally is nearing a two-year 'make or break' price zone
4 hours agoTop StoriesSky token jumps 10% after governance vote causes bullish tilt in market dynamics
6 hours ago
Crypto campaign PAC Fairshake marks first wins in 2026 U.S. congressional primaries
18 hours ago
How this week's rout in Korean stocks might have triggered crypto's surge higher
14 hours ago
