a16z Raised $2.2 Billion for Its Fifth Crypto Fund.

Andreessen Horowitz (a16z) is weighing a new name and broader investment remit for its crypto fund after completing a $2.2 billion raise months ago.

The proposed name is a16z frontier, and the plan would extend the fund’s focus to emerging technologies beyond crypto. Longtime general partner Ali Yahya is expected to leave the fund. As of Oct. 22, a16z had not publicly announced the name change.

The firm’s fifth crypto fund raised $2.2 billion, roughly half the $4.5 billion raised for its fourth fund in 2022. Across five funds, a16z has raised nearly $10 billion.

The portfolio already includes investments outside conventional blockchain businesses. They include Kalshi, a prediction market without a token, and Ornn, a marketplace for AI computing capacity. The firm has not released official details on how the proposed fund would allocate capital between crypto and other fields.

Paradigm and Haun Ventures have also expanded their focus in recent months. Their moves place a16z’s proposed expansion within a broader shift among venture firms that began with a crypto focus.