Andreessen Horowitz Raises $2.2 Billion to Fund Next Wave of Crypto Startups

In brief

• Andreessen Horowitz raised $2.2 billion for Crypto Fund 5, bringing its total crypto investment vehicles to $9.8 billion.
• The fund is smaller than a16z’s record $4.5 billion fourth fund raised in 2022 but matches its 2021 fund size.
• The firm has backed numerous crypto giants, including…