Andreessen Horowitz Looking to Raise $4.5B For New Crypto Funds

According to the Financial Times, these funds combined will be more than double the size of its last $2.2 billion crypto fund, which launched in June 2021

article-image

Blockworks exclusive Art by Axel Rangel

share

key takeaways

  • Each crypto fund from a16z has been larger than the last, a hallmark of growing interest and demand in the space
  • The crypto portfolio of a16z currently consists of 41 different companies, including major industry names

Venture capital firm Andreessen Horowitz, a16z, is back at it again, seeking to raise additional capital of $4.5 billion for new cryptocurrency funds, according to a report by the Financial Times. 

This amount combined is more than double the size of its last $2.2 billion crypto fund, which launched in June 2021. If successful, the fund will be the fourth major investment by the firm. Its first fund launched in 2018 for $300 million and second fund in 2020 was for $515 million. Across the three funds, it manages over $3 billion that’s investing in crypto companies and protocols. 

Each crypto fund from a16z has been larger than the last, signaling that there’s growing interest and demand in this space — and it has no sign of slowing down. 

“Although the Bitcoin whitepaper is now more than 10 years old, we believe we are still early in the crypto movement,” the company said in its thesis

We find ourselves consistently surprised and excited by the wide variety of creative crypto ideas we encounter. For those of us who have been involved in software for a long time, it feels like the early days of the internet, web 2.0, or smartphones all over again,” it added.

a16z allegedly told investors last week it planned to raise up to $3.5 billion for its latest crypto venture fund and an additional $1 billion for another fund to focus on seed round investments in digital assets, which will be finalized by March, according to Financial Times’ sources. 

The company has over $28 billion in assets under management, across multiple funds in different sectors like healthcare, crypto and financial technology. Its crypto portfolio currently consists of 41 different companies including major names in the space like Dapper Labs, dYdX, OpenSea, Near, Solana, Phantom and Uniswap. 

The firm was not available for additional comment when requested by Blockworks on Thursday.


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.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

REPORT_Template.png

Research

The Sonic blockchain is leveraging redesigned airdrop incentives and its FeeM program to propel DeFi activity and attract institutional capital, setting the stage for ecosystem growth. Within this environment, leading protocols Shadow Exchange and Silo are poised to asymmetrically benefit due to innovative features and favorable valuations, despite facing ecosystem dependency and competitive pressures. This positions them as compelling, potentially shorter-term, investment opportunities contingent on Sonic's sustained success.

article-image

Sponsored

WalletConnect is the default for secure, scalable onchain interaction — but this isn’t a peak, it’s the launchpad

article-image

Circle’s stock is expected to price at $31 and will go public on the NYSE Thursday

article-image

Solana’s most prolific token-launch tool might be prepping a token of its own

article-image

The tentative agreement China and the US penned last month appears to be in a precarious position

article-image

Fineqia’s Matteo Greco says Circle’s targeting a valuation in line with market expectations to avoid a post-launch drop like Coinbase

article-image

The President’s son reportedly said his family may pursue legal action