a16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner

AI Summary

a16z crypto has successfully raised $2.2 billion for its fifth fund, reflecting the venture capital firm’s focus on emerging trends in stablecoins and on-chain finance. This capital influx positions the firm to capitalize on the growing blockchain and cryptocurrency sectors.

a16z crypto has raised $2.2 billion for its fifth fund as the venture capital firm points to growing use of stablecoins, onchain finance, and ...