a16z crypto raised $2.2B for its fifth fund, down from its record $4.5B Fund 4 in May 2022, taking its total capital raised across five funds to ~$9.8B (Yogita Khatri/The Block)
a16z crypto has raised $2.2 billion for its fifth fund, a decrease from the $4.5 billion raised for its fourth fund in May 2022. The firm's total capital raised across its five funds now amounts to approximately $9.8 billion. The fundraising reflects a more cautious market environment compared to the previous peak.
- ▪a16z crypto raised $2.2 billion for its fifth fund.
- ▪This is down from the $4.5 billion raised for its fourth fund in May 2022.
- ▪The total capital raised by a16z crypto across five funds is now approximately $9.8 billion.
- ▪The funding information was reported by Yogita Khatri of The Block.
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