a16z Crypto closes $2.2B fifth fund, promotes CTO to general partner
Andreessen Horowitz’s crypto arm a16z crypto has raised $2.2 billion for its fifth fund and promoted CTO Eddy Lazzarin to general partner, keeping Fund 5 crypto-focused across all stages. The move follows a shift toward real adoption and on-chain infrastructure, with the firm noting smaller fund size (vs. the $4.5B fourth fund) to align with faster fundraising cycles and evolving crypto trends, while highlighting themes like stablecoins and clearer regulation.