[a16z Crypto Plans to Raise $2 Billion for Its Fifth Fund] According to Fortune magazine, multiple sources have revealed that a16z Crypto is raising funds for its fifth fund, with a target size of approximately $2 billion, aiming to complete fundraising in the first half of 2026. a16z Crypto launched its first $300 million fund in 2018, and each subsequent fund has exceeded the size of the previous one, including a massive $4.5 billion fund raised in 2022. Although the new fund is less than half the size of the previous one, sources say a16z Crypto plans to shorten the fundraising cycle to adapt to the rapid changes in the crypto industry. Sources also stated that the fifth fund will be entirely focused on blockchain investments.