# Andreessen Horowitz is one of the earliest marquee VC firms to bet big on crypto.

*fintech · news · 2026-05-05 · Fortune*

## Key points

- a16z crypto has raised a total of $9.8 billion across five dedicated crypto funds.
- The new $2.2 billion fifth fund will focus on transforming crypto infrastructure into consumer products.
- Unlike some competitors, a16z crypto's Fund 5 remains exclusively committed to crypto investments, not AI.
- Haun Ventures and Paradigm are investing in both crypto and AI, diverging from a16z crypto’s current focus.

**Companies:** Andreessen Horowitz, Dragonfly Capital, Paradigm, Haun Ventures

[Read the full story on Fortune](https://fortune.com/2026/05/05/a16z-crypto-andreessen-horowitz-fifth-fund-2-2-billion/)

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