Overview
- Fortune reports that Andreessen Horowitz’s crypto arm is fundraising for a roughly $2 billion vehicle with a planned close in the first half of 2026, and the firm declined to comment.
- The prospective fund would be markedly smaller than the $4.5 billion crypto fund raised in 2022 and is described by a source as dedicated to blockchain with a shorter fundraising cycle.
- Crypto venture financing has contracted from about $86 billion in 2022 to $7.95 billion in 2024, with startups raising $895 million in February 2026, nearly 40% less than January.
- Rivals are broadening mandates, with Paradigm reportedly assembling a $1.5 billion fund that includes AI and robotics and Multicoin cofounder Kyle Samani departing to pursue other technologies.
- A16z remains active in deals, backing Babylon and Kairos and reportedly investing $50 million in Solana’s Jito, as mixed portfolio outcomes persist following Farcaster’s $180 million return to investors.