a16z сrypto plans to raise $2B for its fifth crypto fund The firm venture capital giant, which raised 18% of all venture capital dollars in the U.S. last year, is looking to raise $2B for what will be its fifth crypto vehicle. A16z’s previous four crypto funds topped $7.6B, including its massive $4.5B Crypto Fund 4 in 2022. The news comes amid a broader wave of crypto VC fundraising announcements in Feb 2026: • @dragonfly_xyz closed its fourth fund at $650M • DBA launched its second at $62M targeting early-stage crypto startups • @paradigm is reportedly preparing a new fund of up to $1.5B, expanding into AI and robotics. a16z has been highly active throughout 2025 and into early 2026, backing promising projects ahead of public markets - including prediction markets platform Kalshi ($1B), CeFi infrastructure play Talos ($45M), blockchain rewards layer Daylight, and early-stage terminal Kairos ($2.5M).