a16z Crypto Raises $2.2 Billion for Fifth Fund, Promotes CTO
Andreessen Horowitz's crypto arm, a16z crypto, closed a $2.2 billion fifth fund and promoted its chief technology officer to general partner.
The raise is smaller than the firm's record $4.5 billion fourth crypto fund from May 2022, but brings total capital raised across its five crypto funds to about $9.8 billion.
From the sources (4 posts)
@theblockcoa16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner
@fintechfranka16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner
@techmemea16z 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 (@yogita_khatri5 / The Block) (Visit Techmeme dot com for the link and full context!)
@laurashin🚨 JUST IN: a16z just closed a $2.2B crypto fund, their biggest bet yet on financial infrastructure. Full story👇