a16z Crypto Fund 5

About a16z Crypto Fund 5

a16z Crypto Fund 5 is Andreessen Horowitz's fifth dedicated crypto vehicle at $2.2B, investing across all stages from seed through growth. Focus areas include stablecoins, tokenization, perpetual futures, prediction markets, on-chain lending, and AI agents in financial infrastructure. Led by Chris Dixon with newly promoted GP Eddy Lazzarin (former CTO). Sized deliberately at half of Fund 4's $4.5B.

Investment Focus

Location / RegionUnited States

Funding StageSeed

Industry Focus

Fintech

Payments Embedded Finance

Web3 Finance

Web3 Infrastructure

Investor Signals Profile

active

Sweet Spot

Crypto founders building financial infrastructure and tokenized systems

stablecoins

tokenization

on-chain lending

AI agents

crypto infrastructure

Bullish Signals

$2.2B fund, a16z full platformblog

Deliberate half-size vs Fund 4blog

Stablecoin regulatory tailwindsblog

Contrarian Signals

Crypto cyclicality, bear market riskblog

$2.2B deployment pressureblog

Founder Do's

Build in regulated crypto rails

Focus on stablecoins or tokenization

Have clear protocol-market fit

All stages welcome, seed to growth

Founder Don'ts

No meme-coin projects

Avoid pure speculation plays

Skip non-crypto AI pitches

Key GPs & Partners

Chris Dixon

Managing Partner

thesis-drivenopinionatedcontrarian

Eddy Lazzarin

General Partner

hands-onmetrics-drivenex-founder

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Fund Overview

Fund Size$2.2B

Saves0

Website

Key People

Chris DixonManaging Partner

Eddy LazzarinGeneral Partner