U.S. Must Win “Next 100 Years of Tech,” A16z Says as It Raises $15B
Andreessen Horowitz (a16z), one of the most influential venture capital firms in Silicon Valley and a key backer of the crypto industry, announced Friday that it has raised more than $15 billion across five new venture funds, a war chest the firm says is designed to help the United States win the next 100 years of technology.
The massive raise accounts for over 18% of all U.S. venture capital funds raised in 2025, according to co-founder Ben Horowitz—an extraordinary share that shows both the slowdown across global venture markets and the outsized weight a16z continues to carry in shaping emerging tech sectors.
“As the American leader in venture capital, the fate of new technology in the United States rests partly on our shoulders,” Horowitz wrote in a statement. “Our mission is ensuring that America wins the next 100 years of technology.”
Horowitz said that mission begins with securing leadership in the “key architectures of the future—AI and crypto.”
It then extends to applying those technologies across sectors that “generate human flourishing,” including biology, healthcare, defense, public safety, education, and entertainment.
A Multi-Fund Raise With Broad U.S. Tech Focus
The $15 billion raise spans several funds targeted at different segments of the American tech economy, including:
- American dynamism
- Apps and consumer technologies
- Biology and health
- Infrastructure and growth
- Other long-term venture strategies
While crypto was not broken out into a dedicated fund in Friday’s announcement, the firm emphasized that the investment strategy directly supports technologies that underpin U.S. innovation—an explicit nod to both AI and blockchain, which remain two of a16z’s highest-conviction bets.
A Deep and Growing Footprint in Crypto
Andreessen Horowitz has been one of crypto’s most important venture forces for almost a decade.
Its crypto arm, a16z crypto, has backed many of the industry’s defining companies, protocols, and platforms, including Coinbase, Solana, Uniswap, OpenSea, Phantom, and numerous others.
In the last year alone, a16z participated in:
- Kalshi’s $300 million raise, bolstering the regulated prediction-market platform
- A $70 million investment into EigenLayer, the Ethereum restaking protocol rapidly becoming one of the network’s most important economic engines
- A token investment in Jito, a major liquid staking and MEV player on Solana
The firm’s crypto journey began formally in 2018 with its first dedicated crypto fund of $350 million—a landmark vehicle at the time that helped institutionalize large-scale VC investment into Web3. Since then, a16z has raised at least three crypto-specific funds totaling more than $7 billion.
Friday’s mega-raise more than doubles that capital base, even without being labeled a “crypto fund.”
If America Fails to Win Technologically, the World Loses: Horowitz
Beyond funding strategy, Horowitz’s messaging was unusually geopolitical—framing technology leadership not just as an economic opportunity but as a global imperative.
“There is no other country that comes close to giving everyone a chance to grab that opportunity and build,” he wrote. “If America fails to win technologically, it will lose economically, militarily, geopolitically, and culturally. And the entire world will lose, as well.”
It’s a sweeping argument that places venture capital, and by extension crypto and AI, at the center of 21st-century global competition. With $15 billion in new capital and an expanding portfolio across decentralized networks, restaking infrastructure, and next-generation fintech, a16z appears positioned to continue shaping the future of digital assets for years to come.
For the crypto industry—now intertwined with national security narratives, global financial competition, and digital infrastructure strategy—the message is unmistakable: a16z is doubling down.
