Andreessen Horowitz crypto arm raises $2.2 billion for fifth fund, elevates CTO Lazzarin

NEW YORK – Andreessen Horowitz’s crypto investing arm, A16z, announced on May 5, 2026, that it has raised $2.2 billion for its fifth venture fund, underscoring continued investor appetite for blockchain infrastructure even as digital asset markets remain far below recent highs.

The new vehicle, called Crypto Fund 5, is a sizable bet on founders building applications on top of crypto infrastructure, including payments, financial services and decentralized systems. The fund will be deployed over a decade and will back startups at all stages.

Alongside the fundraise, A16z promoted its chief technology officer, Eddy Lazzarin, to general partner, expanding the crypto unit’s investing leadership team to four people, including managing partner Chris Dixon and general partners Ali Yahya and Guy Wuollet.

The announcement comes at a time when crypto prices have struggled to regain momentum. Bitcoin and Ethereum have been trading well below their all-time peaks, even as venture investors continue to target the sector’s underlying plumbing rather than speculative trading activity.

Andreessen Horowitz, better known as A16z, has been one of the most prominent backers of crypto startups since making its first dedicated digital assets fund in 2018. With the latest raise, the firm said its crypto arm has now accumulated $9.8 billion in committed capital across five funds.

The firm said it is focused on a “financial infrastructure moment” for crypto, with emphasis on durable products that can be used in everyday commerce and finance. That thesis comes as some venture firms have begun diversifying into artificial intelligence, though A16z crypto said its new fund will remain dedicated entirely to crypto entrepreneurs.

Recent fundraising by peers has shown that crypto remains a viable category for large-scale venture bets. Haun Ventures, founded by former a16z partner Katie Haun, recently raised $1 billion for a new fund, while other major firms have continued to support blockchain infrastructure and adjacent financial technology.

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