In brief
- Andreessen Horowitz raised more than $15 billion across five funds to propel future technologies in America.
- The firm raised more than 18% of all venture capital funds in the country last year, it said.
- Also a leading crypto VC, the firm has raised more than $7 billion to invest in crypto firms and protocols since 2018.
Leading American venture capital firm Andreessen Horowitz—a major crypto industry investor that also goes by a16z—announced Friday that it has raised over $15 billion across five separate venture funds to propel American technology.
The $15 billion represents more than 18% of all venture funds raised in the U.S. in 2025, according to firm co-founder Ben Horowitz.
“As the American leader in venture capital, the fate of new technology in the United States rests partly on our shoulders. Our mission is ensuring that America wins the next 100 years of technology,” Horowitz wrote in a post about the raise.
“That starts with winning the key architectures of the future—AI and crypto. It continues with applying those technologies to the key areas that generate human flourishing: biology, health, defense, public safety, education, and entertainment,” he continued.
The raise netted funds for investments in American dynamism, apps, biology and health, infrastructure and growth, and “other venture strategies.”
Although crypto is not specifically allocated for in the fundraise announcement, the firm’s crypto arm—a16z crypto—has led some of the largest fundraises in the crypto space over the last few years. It maintains investments in a long list of noteworthy projects and brands in the space, including Coinbase, Solana, Uniswap, OpenSea, Phantom, among others.
In the last year, those investments have included participation in a $300 million fundraise from prediction market Kalshi, a $70 million investment in Ethereum restaking protocol EigenLayer, and a token investment in Solana DeFi protocol, Jito.
The firm’s investment in the crypto space dates back to at least 2018, when it built its first crypto fund with $350 million for investment into industry companies and protocols. In the years since then, the VC giant has raised at least three specific crypto funds, gathering more than $7 billion in total.
Andreessen Horowitz’s newest raise more than doubles that amount, stressing the “fundamental importance for humanity that America wins.”
“There is no other country that comes close to giving everyone a chance to grab that opportunity and build. If America fails to win technologically, it will lose economically, militarily, geopolitically, and culturally. And the entire world will lose, as well,” Horowitz wrote.
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