Andreessen Horowitz Raises $2.2 Billion to Fund Next Wave of Crypto Startups

Andreessen Horowitz said Tuesday that it has raised $2.2 cardinal for its 5th crypto fund, bringing the firm's full crypto superior nether absorption to astir $9.8 billion.

The firm’s a16z Crypto limb has backed immoderate of the industry’s biggest companies, including crypto speech Coinbase, prediction marketplace elephantine Kalshi, blockchain web Solana, and decentralized speech Uniswap. Now the task superior elephantine has caller billions to determination into crypto infrastructure and products.

"A caller fiscal strategy is taking signifier that runs continuously, settles astir instantly, costs astir nothing, and is unfastened to anyone with net access," the steadfast stated successful a blog post. "The founders we're backing with this $2.2 cardinal money are moving connected the portion of the rhythm that gets little attraction and produces much of the lasting value: turning caller infrastructure into products radical usage each day."

In the post, Andreessen Horowitz pointed to what it sees arsenic affirmative trends successful the crypto industry, including request for prediction markets and perpetual futures, and particularly the continual emergence of stablecoins.

“Trading volumes spell up and down with the market, but stablecoin usage has kept climbing adjacent done downturns,” the steadfast wrote. “People are utilizing them to save, to nonstop wealth crossed borders, and to wage for things, often exposing conscionable however slow, expensive, and unreliable the alternatives are. Their maturation looks little similar speculation and much similar web adoption: usage compounds due to the fact that the exertion is useful, not due to the fact that of expectations astir terms action.”

The latest money matches the size of a16z's 3rd crypto money raised successful 2021 but falls abbreviated of its 4th fund's grounds $4.5 cardinal raised successful 2022. The firm's crypto concern vehicles person grown substantially since its archetypal $350 cardinal money successful 2018, followed by a $515 cardinal money successful 2020.

Other large crypto-focused task firms person besides precocious closed important funds. Haun Ventures raised a $1 cardinal 2nd fund this week to backmost startups astatine the intersection of crypto infrastructure and the AI agentic economy. Dragonfly besides closed a $650 cardinal 4th money earlier this year.

The crypto marketplace started 2026 connected a down note, aft starring assets similar Bitcoin and Ethereum deed caller all-time precocious prices past twelvemonth amid regulatory momentum pursuing the predetermination of President Donald Trump.

Bitcoin fell astir 50% earlier this twelvemonth from its October highest supra $126,000, but has been gradually mounting a comeback, rising supra $81,000 connected Tuesday for the archetypal clip since January. Despite the increasing recovery, galore crypto firms person revealed layoffs successful caller months—including Coinbase connected Tuesday, cutting 14% of its staff.