While the entire crypto industry is still shivering in the winter, and countless VC firms are choosing to wait and see, a16z, known as "Silicon Valley's most audacious venture capitalist," has once again raised its shotgun.
According to Fortune magazine, a16z crypto is raising approximately $2 billion for its fifth fund, with plans to complete fundraising in the first half of 2026. While this figure is half the size of its $4.5 billion "monster" fund in 2022, it is still enough to attract attention across the industry in the current market environment. Dragonfly, another significant VC in the Web3 sector, announced its fourth fund on February 17th, which only raised $650 million.