a16z crypto closes $2.2B Fund 5, its fifth and now 100%-crypto-dedicated vehicle, and promotes CTO Eddy Lazzarin to general partner
At $2.2B, Fund 5 is less than half the size of a16z crypto's $4.5B 2023 fund and brings lifetime AUM to $9.8B; the firm is explicitly staying crypto-only rather than chasing AI, and is targeting founders turning stablecoin/perps/prediction-market/tokenization infrastructure into consumer products.
Tracked by Lookout — an independent AI × Crypto desk. Coverage is research, not investment advice.
Related moves
- FundingJun 1IREN
Bitcoin-miner-turned-AI-cloud provider IREN closes $3.65B investment-grade GPU financing backed by its Microsoft cloud contract
First A-rated GPU financing in the U.S. private placement market signals that institutional debt capital is flowing directly into crypto-native AI infrastructure, validating the miner-to-AI-cloud pivot playbook at scale.
a16z Crypto signals continued agent-infra appetite
Public posture suggests further deployment into the agent identity + payments layer through 2026.
Coinbase Ventures leads $3M seed round for SME-credit fintech Jia
Coinbase Ventures led (with Stellar Development Foundation and A100x) a $3M seed into Jia, a Philippines SME working-capital platform whose Ossicone AI credit model underwrites invoices in under 24h; total raised now $7.3M, fitting CB Ventures' stated unsecured-credit and AI-x-onchain thesis.
Polychain doubles down on infra theses
Recent activity reinforces verification-layer + data-infra conviction. Nava follow-on cadence worth tracking.