a16z crypto is raising approximately $2 billion for its fifth fund, targeting completion in the first half of 2026

Odaily News a16z crypto is raising its fifth fund, targeting a size of approximately $2 billion, with plans to complete fundraising in the first half of 2026. This fund will be entirely focused on blockchain investments.

a16z crypto launched its first $300 million fund in 2018, and the size of each subsequent fund has increased. Its fourth fund in 2022 reached $4.5 billion. The size of the fifth fund is less than half of the previous one. According to informed sources, a16z crypto plans to shorten the fundraising cycle to adapt to the rapidly changing trends in the crypto market.

The overall crypto market is currently in a downturn. Bitcoin has fallen by nearly half since hitting its all-time high last October, and the stock prices of listed crypto companies have also dropped significantly. Meanwhile, the industry is in the most favorable Washington regulatory environment in 17 years.

a16z crypto has been active in investments recently, with funded projects including the decentralized protocol Babylon, the cross-platform prediction market integration tool Kairos, and a $50 million investment in the Solana staking protocol Jito. Additionally, the landscape of crypto venture capital is changing. Paradigm is raising up to $1.5 billion for a new fund, expanding its investment scope to AI and robotics. Multicoin Capital co-founder Kyle Samani left the company in February to shift his investments to other tech sectors. (Fortune)