Crypto & Web3FintechGamingSocial & CommunityDeveloper ToolsAITravel & HospitalityGovernment & CivicCybersecurity
a16z crypto focuses on long-term, early-stage investments in Web3 and blockchain projects, with a significant emphasis on building foundational infrastructure and supporting strong founding teams. The firm also increasingly invests at the intersection of AI and crypto, believing blockchain is crucial for enabling secure AI agent collaboration and proving human identity in an AI-driven world.
35% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (1 deals in the last 12 months vs 3 prior). Average disclosed round size is $80.4M (across 19 rounds with reported amounts).
Portfolio
20
Fund Size
$7.6B
Top Stage
Series A
Last 12 Mo
1
Team
NL
Noah Levine
Investing Partner, Crypto
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 OpenTrade | Series A | $6.1M | Jun 2025 |
 Azra Games | Series A | $42.7M | Oct 2024 |
| PPIP Labs | Series C | $80M | Aug 2024 |
 Farcaster | Growth | $150M | May 2024 |
 Bastion | Seed | $25M | Sep 2023 |
 Tools for Humanity | Series C | $115M | May 2023 |
 LayerZero Labs | Series D | $120M | Apr 2023 |
 Uniswap Labs | Series B | $165M | Oct 2022 |
 CreatorDAO | Seed | $20M | Aug 2022 |
| HHalliday | Seed | $6M | Aug 2022 |
 Lightspark | Unknown | — | May 2022 |
 Royal | Series A | $55M | Nov 2021 |
 Nym | Series A | $13M | Nov 2021 |
 Matter Labs | Series B | $50M | Nov 2021 |
| MMythical Games | Series C | $150M | Nov 2021 |
 Eco | Series C | $60M | Jul 2021 |
| Eco | Series B | $26M | Mar 2021 |
 Cryptoys | Series A | $23M | — |
| LayerZero Labs | Series B | $120M | — |
 Mysten Labs | Series B | $300M | — |
Top Co-Investors
Paradigm4 shared
Coinbase Ventures3 shared
Circle Ventures3 shared
Lightspeed Venture Partners3 shared
Polychain Capital2 shared
Andreessen Horowitz2 shared
Founders Fund2 shared
Activant Capital2 shared
Valor Equity Partners2 shared
Pantera2 shared
OKX Ventures2 shared
OpenSea Ventures2 shared
Samsung Next2 shared
Sequoia Capital2 shared
SV Angel2 shared
Variant2 shared
aCrew1 shared
Sound Ventures1 shared
Blockchain Capital1 shared
Bain Capital Crypto1 shared
Last updated: 8 March 2026