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Andreessen Horowitz’s crypto arm closed a $2.2 billion fifth fund, signaling continued institutional commitment to blockchain despite a post-2021 market pullback. The new fund is roughly half the size of Fund 4’s record $4.5 billion in 2022, bringing a16z crypto’s cumulative capital across five funds to about $9.8 billion. The raise reflects a recalibration rather than retreat: the firm emphasizes durable on‑chain activity such as stablecoin use and infrastructure, and aims to back projects through a more pragmatic, opportunity-driven cycle amid cooler crypto market conditions and tighter fundraising overall.
New York Times : Analysis: a16z is the largest known donor in the current US midterm election cycle, spending $115M+ so far on pro-crypto, pro-AI, and Republican Super PACs — The biggest donor in the midterm elections is not Elon Musk, or George Soros, or any of the other billionaires who are often thought to wield the fattest wallets in politics.
Tanaya Macheel / CNBC : Circle raised $222M via the presale of its native Arc token at a $3B valuation; a16z led with a $75M investment, with participation from BlackRock and others — Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain …
As crypto cools, a16zcrypto raises a $2.2B fund
Yogita Khatri / The Block : a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B — Quick Take — a16z crypto has raised $2.2 billion for its fifth fund as the venture capital firm points to growing use of stablecoins …