Andreessen Horowitz announced on May 5 that it has launched a new $2.2 billion crypto fund to support blockchain startups. Called “Crypto Fund 5,” the fund will invest in projects at various stages over the next decade.
The company said the fund will focus on areas such as payment systems, financial services, decentralized systems, stablecoins, blockchain lending, prediction markets, perpetual futures, and tokenized assets.
The new fund is smaller than the $4.5 billion crypto fund the company raised in 2023. However, it is larger than the $1 billion fund recently launched by Huan Ventures and the $650 million investment by Dragonfly Capital.
Experts say the move comes at a time when venture capitalists are increasingly directing capital into artificial intelligence.
