Venture giant Andreessen Horowitz drops ‘crypto’ from name of blockchain fund, rebrands as ‘a16z Frontier’
The rebrand follows similar moves by Paradigm and Haun Ventures as crypto investors look beyond digital assets.
Andreessen Horowitz, the venture capital giant, has rebranded its blockchain-focused fund from a16z Crypto to a16z Frontier, expanding its investment scope to encompass artificial intelligence, robotics, and other emerging technologies. The shift comes as the company recognizes that the term "crypto" has lost favor and the distinction between crypto companies and other businesses is becoming less clear.
Managing partner Chris Dixon will lead the new fund alongside Andreessen Horowitz, Eddy Lazzarin, and Guy Wuollet. The $2.2 billion fund, which was previously dedicated to investing in crypto entrepreneurs, will now include investments in AI, robotics, and other sectors. The firm has already made successful investments in decentralized exchange Uniswap and crypto custodian Anchorage Digital, but will continue to support crypto startups and advocate for crypto regulation.
General partner Ali Yahya, who has been working on the firm's crypto team since 2017, is reportedly planning to depart to launch a startup.
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