Andreessen Horowitz Raises $2.2 Billion for Fifth Crypto Fund

May 6, 2026

Andreessen Horowitz raised $2.2 billion for Crypto Fund 5, bringing its total crypto assets under management to $9.8 billion across five funds. Eddy Lazzarin was promoted to general partner to lead the new fund, which targets projects merging crypto, AI, and traditional finance. The fundraise comes amid broader crypto venture activity, with Haun Ventures raising $1 billion and Blockchain Capital seeking $700 million for two new funds.

Andreessen Horowitz Crypto Fund 5

▪Eddy Lazzarin will lead Andreessen Horowitz Crypto Fund 5.
▪Andreessen Horowitz manages roughly $9.8 billion in crypto across five funds.
▪Andreessen Horowitz Crypto Fund 5 targets projects that merge crypto, AI, and traditional finance.
▪Eddy Lazzarin was promoted to general partner at Andreessen Horowitz.
▪Andreessen Horowitz raised $2.2 billion for Crypto Fund 5.

Institutional crypto adoption trends

▪Hunter Horsley said banks, corporations and financial institutions are moving aggressively into digital assets in 2026.
▪Hunter Horsley is CEO of Bitwise Asset Management.
▪Hunter Horsley said some firms are pushing teams to go from zero to 500 miles an hour on crypto strategies.

Recent venture capital fundraising

▪Haun Ventures was founded by a former general partner at Andreessen Horowitz.
▪Blockchain Capital's two new funds expect to close within the next five to six months.
▪Blockchain Capital is raising funds for its seventh early-stage vehicle and a second growth fund.
▪Haun Ventures raised $1 billion to invest in crypto and blockchain startups.
▪Dragonfly Capital completed fundraising for its fourth fund in February 2026, raising $650 million.
▪Blockchain Capital is looking to raise $700 million for two new funds.