As crypto cools, a16z crypto raises a $2.2B fund
The story
As some of the biggest VCs in crypto start to consider funding AI startups, a16z crypto's new fund will stay the course.
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Image Credits: Boris Zhitkov (opens in a new window) / Getty Images Venture As crypto cools, a16z crypto raises a $2.2B fund Julie Bort 2:15 PM PDT · May 5, 2026 In a blog post that lays out a vision for crypto s future, ranging from a new financial system to warnings about opaque AI, a16z crypto announced a new $2.2 billion fund. This is the VC firm s fifth fund and brings the total raised to date to $9.8 billion, it says.
In addition, the fund also promoted its CTO, Eddy Lazzarin , to general partner, bringing the GP investing team to four people. Lazzarin joins Chris Dixon, Ali Yahya, and Guy Wuollet. The fund has backed standout companies like Coinbase, Kalshi, and Solana Foundation.
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