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The Venture Codex

a16z crypto

2865 Sand Hill Road Suite 101, Menlo Park, CA, 94025, United States

Overview

Venture fund investing in crypto companies and protocols.

Founded

2009

Deals ยท 12mo

6

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United Kingdom
United States

Sector focus

Cryptocurrency
Financial Services
Venture Capital

Investment portfolio

26rounds
NAMEDATESIZE
Digital Asset
Jun 2026Led
$355 MSeries F
OpenTrade
May 2026Participated
$17 MOther Equity
Future Primitive
Apr 2026Participated
$8 MOther Equity
Better Money Company
Apr 2026Led
$10 MSeed
Kairos
Feb 2026Led
$3 MSeed
Cork
Jan 2026Led
$6 MSeed
TACEO
Jul 2025Participated
$6 MSeed
Oncade
May 2025Led
$4 MSeed
KYD Labs
May 2025Led
$7 MSeed
OpenTrade
Nov 2024Participated
$4 MSeed
PIN AI
Sep 2024Participated
$10 MSeed
BYSTAMP
Aug 2024Participated
$50 MOther Equity
Digital Asset
Jun 2026Led
$355 MSeries F
OpenTrade
May 2026Participated
$17 MOther Equity
Future Primitive
Apr 2026Participated
$8 MOther Equity
Better Money Company
Apr 2026Led
$10 MSeed
Kairos
Feb 2026Led
$3 MSeed
Cork
Jan 2026Led
$6 MSeed
TACEO
Jul 2025Participated
$6 MSeed
Oncade
May 2025Led
$4 MSeed
KYD Labs
May 2025Led
$7 MSeed
OpenTrade
Nov 2024Participated
$4 MSeed
PIN AI
Sep 2024Participated
$10 MSeed
BYSTAMP
Aug 2024Participated
$50 MOther Equity
26
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

a16z crypto: 26 funding rounds are recorded in the selected participation categories.All available history.
a16z crypto: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed83
Series A31
Series B11
Series C+20
Other Equity25

Monthly Deal Activity

a16z crypto: 26 deals are recorded across 100 months.All available history.
a16z crypto: 26 deals are recorded across 100 months. All available history
MonthDeals
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '212
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '221
Jun '221
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '242
Sep '241
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '252
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '262
May '261
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

a16z crypto: Crypto & Blockchain is the largest displayed sector by deal count (17 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

a16z crypto: Crypto & Blockchain is the largest displayed sector by deal count (17 deals). All available history
SectorDeals
Crypto & Blockchain17
Fintech6
Enterprise Software5
Networks, Cloud & Communication5
AI & Machine Learning3
E-Commerce & Retail2
Clean Energy & Sustainability2
Consumer & Lifestyle2
Hardware & Robotics2
Marketing & Advertising2
Media & Entertainment2
Gaming & eSports2
Data, Analytics & IT1
Professional Services1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

a16z crypto: 26 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

a16z crypto: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M5
$10M-$25M5
$25M-$50M5
$50M-$100M2
$100M-$250M3
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

a16z crypto: United States has the largest recorded deal count among the displayed regions (17 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

a16z crypto: United States has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
United States17
Europe6
Singapore1
105771
Canada1
a16z crypto: 20 co-investors are shown, with Coinbase Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

a16z crypto: 20 co-investors are shown, with Coinbase Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
Coinbase Ventures3
Pantera Capital3
Polychain Capital3
Variant3
AlbionVC2
Alumni Ventures2
Animoca Brands2
Archetype2
BoxGroup2
CMCC Global2
CoinFund2
Framework Ventures2
Hack VC2
Lattice Fund2
Paradigm2
Sound Ventures2
166 2nd1
1kx1
432 Ventures1
7RIDGE1

Investment Strategy

a16z crypto: Led accounts for 62% and participating for 38% of round participation.All available history.
a16z crypto: Led accounts for 62% and participating for 38% of round participation. All available history
CategoryDeals (count)Share (%)
Led1662%
Participating1038%
a16z crypto: Single-lead accounts for 94% and co-led for 6% of lead dynamics.All available history.
a16z crypto: Single-lead accounts for 94% and co-led for 6% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1594%
Co-led16%

Team

Ali Yahya

Partner

Ben Horowitz

Founder

Chris Dixon

Partner

Corban Bell

Partner

Jesse Walden

Partner

Marc Andreessen

Founder