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a16z Crypto is raising $2 billion for its fifth fund

2 hours ago

March 5, per Fortune magazine: The biggest player in crypto venture capital is back on the fundraising trail. Andreessen Horowitz’s blockchain investment arm a16z Crypto is currently raising its fifth fund, multiple sources with knowledge of the situation told Fortune on condition of anonymity—they were not authorized to discuss the confidential business matters publicly. One source noted the firm is targeting roughly $2 billion in the raise, with plans to wrap up fundraising by the first half of 2026. Led by veteran investor and entrepreneur Chris Dixon, a16z Crypto launched its first $300 million fund in 2018. The year prior, a blockchain boom pushed Bitcoin’s price to $20,000. Each subsequent fund has grown larger than the last, peaking in 2022 with a $4.5 billion “mega fund” that remains active in investing. While the latest fund’s size is less than half of its predecessor, a source said a16z Crypto plans to shorten its fundraising cycle to better seize opportunities from the crypto industry’s fast-shifting trends. Its prior funds were all raised one to two years apart.
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Optimism has announced that it will cease support for op-geth and op-program on May 31st.

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