a16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner
The fund is "100% dedicated to investing in crypto entrepreneurs across all stages," Cafiero said, adding the same applies to sector focus.
Earlier this week, Haun Ventures raised $1 billion for its second fund to back financial infrastructure and AI agentic economy-related startups. Dragonfly recently closed a $650 million fourth fund. Paradigm is said to be seeking up to $1.5 billion for a broader fund to expand into areas such as AI and robotics, while Blockchain Capital is also said to be raising around $700 million across two funds.
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RU | BigLiquid | Pro Channel
