Andreessen Horowitz (a16z) has quietly become an even bigger force in Silicon Valley and crypto: the storied venture firm announced it raised more than $15 billion across five new funds to “help America win” the next era of technology. What was raised - Total: just over $15 billion — a haul co‑founder Ben Horowitz says is more than 18% of all U.S. venture capital raised in 2025. - Fund breakdown (as disclosed by the firm): American Dynamism $1.176B; Apps $1.7B; Infrastructure $1.7B; Growth $6.75B; Bio + Health $700M; and about $3B for other venture strategies. Why it matters Horowitz framed the raise as part of a broader mission: “As the American leader in venture capital, the fate of new technology in the United States rests partly on our shoulders. Our mission is ensuring that America wins the next 100 years of technology.” He emphasized that winning will depend on dominating key architectures like AI and crypto, then applying those technologies to biology, health, defense, public safety, education and entertainment. Crypto position and track record Although the announcement didn’t carve out a separate crypto fund, a16z’s crypto arm has been one of the industry’s largest backers for years. The firm holds stakes in major Web3 names such as Coinbase, Solana, Uniswap, OpenSea and Phantom. Recent crypto-related activity includes participation in a $300 million raise by prediction market Kalshi, a $70 million investment in Ethereum restaking protocol EigenLayer, and a token investment in Solana DeFi protocol Jito. A16z’s crypto commitments date back to at least 2018, when it launched a $350 million crypto fund. Since then the firm has assembled at least three crypto-specific funds totaling more than $7 billion — and the new $15B raise more than doubles that earlier crypto war chest. What this could mean for the market With a16z controlling a meaningful share of new U.S. venture capital, its priorities will likely shape deal flow across AI, infrastructure, biotech and crypto. The firm’s public framing—linking tech leadership to national competitiveness—signals ambitions beyond pure returns: shaping which architectures and startups receive the capital to scale in the U.S. Bottom line: a16z’s latest fundraise cements its role as a heavyweight allocator in both traditional venture and crypto. Even if crypto isn’t singled out in the new fund names, the firm’s track record and dedicated crypto arm suggest it will remain a central backer of the sector as it evolves. Read more AI-generated news on: undefined/news

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