Andreessen Horowitz Plans $1B Crypto Venture Fund

The fund will be Andreessen’s third that focuses on cryptocurrencies.

share
  • The firm’s first fund, launched in 2018, raised $300 million
  • Andreessen’s second fund launched one year ago raised $515 million

Venture capital firm Andreessen Horowitz is looking to raise a fund of as much as $1 billion to invest in digital assets and crypto-focused startups. 

The news comes shortly after Coinbase, which was largely Andreessen-backed, had a successful public debut via direct listing earlier this month. 

The firm is hoping to raise between $800 million and $1 billion for the fund, according to people familiar with the matter. If raised, the fund will be one twice the size of Andreessen’s second crypto fund and one of the largest pools of capital ever dedicated to the digital asset space. 

The fund will be Andreessen’s third that focuses on cryptocurrencies. The first fund, launched  in 2018, raised $300 million. Andreessen’s second fund launched one year ago raised $515 million. 

Coinbase’s direct listing has resulted in an influx of new capital to early investors and employees of the crypto exchange. Many are looking to reinvest gains in new crypto ventures as digital assets continue to surge. 

Andreessen, which was one of Coinbase’s largest two investors, had a stake worth $11.2 billion when Coinbase shares began trading. The firm has since sold close to $120 million in shares according to regulatory filings. 

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

New short and long-term priorities include L1 gas boosts, ZK-EVMs, privacy reads, and a lean, quantum-resistant Ethereum

by Blockworks /
article-image

The new stBTC token redistributes Bitcoin gas fees to users, creating liquid yield without inflation or lockups

by Blockworks /
article-image

The reserve will collect protocol revenues to back W token, alongside new yield and unlock schedule

by Blockworks /
article-image

Layer 2 network Taiko integrates Chainlink Data Streams to deliver reliable onchain market data for DeFi and institutions

by Blockworks /
article-image

The license will allow Bullish to operate in New York under strict digital asset rules

by Blockworks /
article-image

The derivatives giant expands crypto offerings with new Solana and XRP futures options, pending regulatory review

by Blockworks /