As crypto cools, a16zcrypto raises a $2.2B fund
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In a blog post that lays out a vision for crypto’s future, ranging from a “new financial system” to warnings about “opaque” AI, a16zcrypto announced a new $2.2 billion fund. This is the VC firm’s fifth fund and brings the total raised to date to $9.8 billion, it says. In addition, the fund also promoted its CTO, Eddy Lazzarin, to General Partner, bringing the GP investing team to four people. Lazzarin joins Chris Dixon, Ali Yahya, and Guy Wuollet. The fund has backed standout companies like Coinbase, Kalshi, and Solana Foundation.
