Story perspectives

a16z Raises $2.2 B for Crypto Fund 5, total $9.8 B.

5/6/2026

Summary

Story summary

On May 5 2026, Andreessen Horowitz raised $2.2 billion for Crypto Fund 5.
The raise lifts a16z Crypto’s total committed capital across five funds to $9.8 billion.
Managing partner Chris Dixon will lead the fund with partners Ali Yahya, Guy Wuollet and Eddie Lazarin.
The fund will back stablecoins, on-chain lending, prediction markets, tokenized assets, perpetual futures and AI agents, prioritizing utility-oriented infrastructure amid growing stablecoin cross-border use and the GENIUS Act.

History

Historical Context

In June 2016 a vulnerability in The DAO let a hacker siphon about $50 million worth of ether, prompting Vitalik Buterin and the Ethereum Foundation to propose a hard fork. On 20 July 2016 the network split, creating Ethereum (which reversed the theft) and Ethereum Classic, which kept the original history. The episode highlighted challenges of decentralized governance.

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Story summary

On May 5 2026, Andreessen Horowitz raised $2.2 billion for Crypto Fund 5.
The raise lifts a16z Crypto’s total committed capital across five funds to $9.8 billion.
Managing partner Chris Dixon will lead the fund with partners Ali Yahya, Guy Wuollet and Eddie Lazarin.
The fund will back stablecoins, on-chain lending, prediction markets, tokenized assets, perpetual futures and AI agents, prioritizing utility-oriented infrastructure amid growing stablecoin cross-border use and the GENIUS Act.

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