A16z eyes $3.4B raise for next venture funds: Axios

New a16z crypto investing vehicles could be introduced in 2025

article-image

Nattapol_Sritongcom/Shutterstock modified by Blockworks

share

Andreessen Horowitz reportedly expects to raise $3.4 billion for its next early and seed-stage venture funds.

Axios reported Monday that a16z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024.

Blockworks reached out to a16z but didn’t receive an immediate response.

While a16z is chiefly known for focusing on tech, the burgeoning AI sector, and social media platforms for investment, the firm’s portfolio also includes buying in crypto projects and businesses. 

A16z’s notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea and Worldcoin, among others.

Crypto investing will remain a priority, with new investing vehicles coming in 2025, Axios reported. 

Among the firm’s recent crypto investments was smlXL, which raised $13.4 million in late October. 

In September 2022, a16z Crypto led a $16.8 million seed round for NFT-focused startup IYK alongside Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.

A16z has demonstrated growing interest in the UK market as well.

A16z wrote to the UK government in May in response to a February call for consultation on crypto regulation. The venture firm urged the country to avoid a “one-size-fits-all” approach and criticized US regulators for relying on the “difficult to enforce” Howey test for its securities regulation framework.


Get the news in your inbox. Explore Blockworks newsletters:

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

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

Commerce plans transparent, tamper‑resistant data distribution via blockchain for economic metrics

by Blockworks /
article-image

It’s unclear whether the celeb ever knew about the account made using his name

article-image

Sharps Technology raised $400 million in PIPE offering

article-image

Offchain Labs’ Tandem will work exclusively with Succinct on a zkVM

article-image

Fundstrat’s chief investment officer may be the apex bull

article-image

MetaMask now lets users create and restore wallets via social accounts

by Blockworks /