English
RussianAndreessen Horowitz, often referred to as "a16z," is a prominent venture capital firm based in Menlo Park, California. It was founded in 2009 by Marc Andreessen and Ben Horowitz, both of whom are well-known figures in the tech industry. Andreessen Horowitz is one of the leading venture capital firms in Silicon Valley and has gained a reputation for its investments in technology companies, particularly in the areas of software, internet, and more recently, blockchain and cryptocurrency.
Investors Andreessen Horowitz (a16z)
Andreessen Horowitz (a16z)
Tier 1Lead investor
Projects
152
Portfolio market cap
$206.14B
sum across all projects
Raised in these rounds
$14.15B
209 of 213 rounds with disclosed amounts
Tier
Tier 1
Lead investor
About the fund
Portfolio · 152
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 XRPXRP | $1.52 | — | — | — | — | $95.78B | |
 SolanaSOL | $121 | $0.1787 | 676x | — | — | $71.04B | |
 NEAR ProtocolNEAR | $5.01 | $0.2867 | 17x | — | — | $6.55B | |
 UniswapUNI | $9.01 | — | — | — | — | $5.63B | |
 SuiSUI | $1.24 | $0.2725 | 4.5x | — | — | $5.09B | |
 CantonCC | $0.1265 | — | — | — | — | $5.03B | |
 AvalancheAVAX | $11.00 | $0.3300 | 33x | Seed Round | $4.88B | ||
 WorldWLD | $0.5932 | — | — | — | — | $2.25B | |
 MorphoMORPHO | $2.77 | — | — | — | — | $1.94B | |
 Internet ComputerICP | $3.31 | $2.17 | 1.5x | — | — | $1.85B | |
 POL (ex-MATIC)POL | $0.1091 | $0.001695 | 64x | — | — | $1.16B | |
 LayerZeroZRO | $2.02 | — | — | — | — | $807.2M | |
 AptosAPT | $0.7993 | — | — | — | — | $696.4M | |
 Lido DAOLDO | $0.4579 | $0.7300 | 0.63x | Venture Round | $379.9M | ||
 OptimismOP | $0.1334 | — | — | — | — | $306.8M | |
 JitoJTO | $0.5636 | — | — | — | — | $297.9M | |
 ArweaveAR | $4.42 | $0.1320 | 33x | Community Token Sale part 1 | $289.9M | ||
 EigenCloud (prev. EigenLayer)EIGEN | $0.2599 | — | — | — | — | $251.8M | |
 CompoundCOMP | $24.98 | — | — | — | — | $249.8M | |
 Axie InfinityAXS | $1.38 | $11.10 | 0.12x | Series B Round | $241.1M | ||
 ApeCoinAPE | $0.1659 | — | — | — | — | $165.9M | |
 ZKsyncZK | $0.0131 | — | — | — | — | $142.6M | |
 dYdXDYDX | $0.1482 | — | — | — | — | $125.4M | |
 HeliumHNT | $0.5488 | — | — | — | — | $102.3M | |
 WalrusWAL | $0.0362 | — | — | — | — | $94.7M | |
 Data NetworkDATA | $0.2107 | — | — | — | — | $75.8M | |
 OasisROSE | $0.008445 | $0.0200 | 0.42x | Backers | $67.9M | ||
 BabylonBABY | $0.0138 | — | — | — | — | $67.4M | |
 CeloCELO | $0.1061 | $1.00 | 0.11x | Pre-launch sale 2 | $64.6M | ||
 EspressoESP | $0.1051 | — | — | — | — | $54.7M | |
 FlowFLOW | $0.0318 | $0.1000 | 0.32x | Small Backers | $53.8M | ||
 RoninRON | $0.0678 | — | — | — | — | $52.3M | |
 AztecAZTEC | $0.0174 | $0.0470 | 0.37x | Public Sale | $50.1M | ||
 AleoALEO | $0.0306 | — | — | — | — | $44.8M | |
 OpenGradientOPG | $0.1353 | — | — | — | — | $31.1M | |
 GensynAI | $0.0211 | $0.0473 | 0.45x | — | — | $27.5M | |
 Yield Guild GamesYGG | $0.0281 | $0.1900 | 0.15x | — | — | $26.3M | |
 Keep NetworkKEEP | $0.0269 | $0.0960 | 0.28x | — | — | $26.0M | |
 ChiaXCH | $1.59 | — | — | — | — | $22.9M | |
 NymNYM | $0.0264 | $0.0875 | 0.30x | — | — | $22.3M | |
 TribeTRIBE | $0.4135 | — | — | — | — | $15.3M | |
 Kled AIKLED | $0.0122 | — | — | — | — | $12.2M | |
 Orchid ProtocolOXT | $0.0119 | — | — | — | — | $11.8M | |
 Decentralized SocialDESO | $1.32 | — | — | — | — | $11.7M | |
 FortaFORT | $0.0160 | — | — | — | — | $10.4M | |
 TownsTOWNS | $0.002243 | — | — | — | — | $9.1M | |
 Iron FishIRON | $0.0749 | $4.53 | 0.02x | — | — | $5.7M | |
 HandshakeHNS | $0.006484 | $0.1000 | 0.06x | — | — | $4.4M | |
 GoldfinchGFI | $0.0431 | — | — | — | — | $4.1M | |
 Fei USDFEI | $0.9993 | — | — | — | — | $3.7M | |
 SyndicateSYND | $0.007181 | — | — | — | — | $3.4M | |
 ECOxECOX | — | $0.5000 | 0.02x | — | — | $2.7M | |
 MythosMYTH | $0.002599 | — | — | — | — | $2.3M | |
 BalanceEPT | $0.0004095 | $599 | 0.00x | — | — | $2.0M | |
 ECOECO | — | — | — | — | — | $1.6M | |
 TrueFiTRU | $0.0009316 | $0.0300 | 0.03x | — | — | $1.2M | |
 SovrunSOVRN | $0.0009266 | $0.1000 | 0.01x | — | — | $783.1K | |
 Alongside Crypto Market IndexAMKT | $206 | — | — | — | — | $416.3K | |
 Reflexer Ungovernance TokenFLX | — | — | — | — | — | $259.7K | |
 RallyRLY | $0.00002114 | $0.5500 | 0.00x | — | — | $127.9K |
Showing 60 of 152 — the rest fall below this market-cap range.
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 213
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 Jeeves | Series C | $110.0M | $1.10B | |
 OpenReserve Lead | Seed Round | $25.0M | $250.0M | |
 Ornn Lead | Seed Round | $33.0M | $330.0M | |
| Morpho Lead | Strategic Round | $175.0M | $1.75B | |
 OpenRouter | Series B | $113.0M | $1.13B | |
 Exa Lead | Series C | $250.0M | $2.20B | |
 Catena Labs Lead | Series A | $30.0M | $300.0M | |
 Stitch Lead | Series A | $25.0M | $250.0M | |
 Replit | Series D | $400.0M | $9.00B | |
 Arc Lead | Presale | $222.0M | $3.00B | |
 Open Trade | Strategic Round | $17.0M | $170.0M | |
 Mintlify Lead | Series B | $45.0M | $500.0M | |
 The Better Money Company Lead | Funding Round | $10.0M | $100.0M | |
 Kalshi | Series F | $1.00B | $22.00B | |
| Kled AI | Funding Round | $3.5M | $35.0M | |
 Zodl | Seed Round | $25.0M | $250.0M | |
 Kairos Lead | Funding Round | $2.5M | $25.0M | |
 Talos | Extended Series B | $45.0M | $1.50B | |
| Babylon | Funding Round | $15.0M | $150.0M | |
 Revolut Lead | Funding Round | — | $75.00B | |
| Kalshi | Series E | $1.00B | $11.00B | |
 Doppel | Series C | $70.0M | $700.0M | |
 Seismic Lead | Funding Round | $10.0M | $100.0M | |
 Daylight | Funding Round | $75.0M | $750.0M | |
| Jito | Strategic Round | $50.0M | $500.0M | |
| Kalshi Lead | Series D | $300.0M | $5.00B | |
 Bastion | Funding Round | $14.6M | $146.0M | |
 Poseidon Lead | Seed Round | $15.0M | $150.0M | |
 XMTP Lead | Series B | $20.0M | $200.0M | |
| OpenRouter Lead | Series A | $40.0M | $500.0M | |
| EigenCloud (prev. EigenLayer) | OTC | $70.0M | $700.0M | |
 Yupp Lead | Seed Round | $33.0M | $330.0M | |
| Open Trade | Strategic Round | $7.0M | $70.0M | |
| Catena Labs Lead | Seed Round | $18.0M | $180.0M | |
 Hedra Lead | Series A | $32.0M | $200.0M | |
| Doppel | Series B | $35.0M | $205.0M | |
 Miden Lead | Seed Round | $25.0M | $250.0M | |
| LayerZero | Private Token Sale | $55.0M | $550.0M | |
| Towns Lead | Series B | $10.0M | $100.0M | |
 Blackbird | Series B | $50.0M | $500.0M | |
| Walrus | Private Token Sale | $140.0M | $1.40B | |
 Halliday Lead | Series A | $20.0M | $200.0M | |
| Seismic Lead | Seed Round | $7.0M | $70.0M | |
 Universal Lead | Funding Round | $9.0M | $90.0M | |
 Legend | Funding Round | $15.0M | $150.0M | |
 Phantom | Series C | $150.0M | $3.00B | |
 Merit Systems Lead | Seed Round | $10.0M | $100.0M | |
 Tranched | Pre-seed | $3.4M | $34.0M | |
 mbd | Pre-seed | $3.0M | $30.0M | |
 Vlayer | Pre-seed | $10.0M | $100.0M | |
 Axal | Pre-seed | $2.5M | $25.0M | |
 Spire Labs | Seed Round | $7.0M | $70.0M | |
 Skyfire | Funding Round | $1.0M | $10.0M | |
| Towns | Series A | $25.5M | $255.0M | |
| OpenGradient | Seed Round | $8.5M | $85.0M | |
 MeshMap | Funding Round | $4.0M | $40.0M | |
 AminoChain Lead | Seed Round | $5.0M | $50.0M | |
 Magicblock | Pre-seed | $3.0M | $30.0M | |
 Fermah Lead | Seed Round | $5.2M | $52.0M | |
 Moku Lead | Funding Round | $5.3M | $53.5M | |
 t1 Protocol Lead | Pre-seed | $2.5M | $25.0M | |
 Blocksense Network | Seed Round | $4.0M | $40.0M | |
 Cork Protocol | Funding Round | — | — | |
 PIN AI | Pre-seed | $10.0M | $100.0M | |
| Balance Lead | Funding Round | $30.0M | $300.0M | |
| Data Network Lead | Series B | $80.0M | $800.0M | |
| Morpho | Funding Round | $50.0M | $500.0M | |
| Daylight Lead | Funding Round | $9.0M | $90.0M | |
 Neynar | Series A | $11.0M | $110.0M | |
 Farcaster | Series A | $150.0M | $1.00B | |
 Kiosk | Funding Round | $10.0M | $100.0M | |
| Optimism | Private Purchase | $90.0M | $900.0M | |
| Open Trade | Seed Round | $3.2M | $32.0M | |
 MyPrize | Funding Round | $13.0M | $140.0M | |
| Espresso Lead | Series B | $28.0M | $280.0M | |
 MadWorld | Series A | $13.0M | $130.0M | |
| EigenCloud (prev. EigenLayer) | Funding Round | $100.0M | $1.00B | |
 NodeKit | Funding Round | — | — | |
| Doppel Lead | Series A | $14.0M | $140.0M | |
 Friends With Benefits Pro | Funding Round | $3.0M | $30.0M | |
 Pontem Liquidswap | Funding Round | $6.0M | $60.0M | |
 formless | Pre-seed | $2.2M | $22.0M | |
 Setter Lead | Seed Round | $5.0M | $50.0M | |
 EthXY | Pre-seed | $1.6M | $16.0M | |
 Stackr | Seed Round | $5.5M | $55.0M | |
 Pimlico Lead | Seed Round | $4.2M | $42.0M | |
 smlXL Lead | Funding Round | $13.4M | $134.0M | |
 IYK Lead | Seed Round | $16.8M | $168.0M | |
 Proof of Play Lead | Seed Round | $33.0M | $330.0M | |
 MotherDuck | Series B | $52.5M | $525.0M | |
 Freatic Lead | Seed Round | $3.6M | $36.0M | |
| Bastion Lead | Seed Round | $25.0M | $250.0M | |
| Data Network Lead | Series A | $25.0M | $250.0M | |
 Ideogram AI Lead | Seed Round | $16.5M | $165.0M | |
 socket Lead | Series A | $20.0M | $200.0M | |
 Sound.xyz Lead | Series A | $20.0M | $200.0M | |
 Narval | Seed Round | $4.0M | $40.0M | |
| Mythos | Extended Series C | $37.0M | $370.0M | |
 Mythical Games | Extended Series C | $37.0M | $370.0M | |
| Gensyn Lead | Series A | $43.0M | $430.0M | |
| Blackbird Lead | Series A | $24.0M | $240.0M | |
| World | Series C | $115.0M | $1.15B | |
| Data Network Lead | Seed Round | $29.3M | $293.0M | |
| LayerZero | Series B | $120.0M | $3.00B | |
 Character.ai Lead | Series A | $150.0M | $1.00B | |
 CCP Games Lead | Seed Round | $40.0M | $400.0M | |
| Yield Guild Games | Funding Round | $13.8M | $138.0M | |
| Alongside Crypto Market Index Lead | Seed Round | $11.0M | $110.0M | |
| Towns Lead | Series A | $25.5M | $255.0M | |
 Azra Games Lead | Seed Plus Round | $10.0M | $100.0M | |
| Aztec Lead | Series B | $100.0M | $1.00B | |
| ZKsync | Series C | $200.0M | $1.25B | |
| Uniswap | Series B | $165.0M | $1.66B | |
| Sui | Series B | $300.0M | $5.00B | |
 CreatorDAO Lead | Seed Round | $20.0M | $200.0M | |
| Halliday Lead | Seed Round | $6.0M | $60.0M | |
| Aptos | Series A | $150.0M | $1.50B | |
| Farcaster Lead | Funding Round | $30.0M | $300.0M | |
| Morpho Lead | Funding Round | $18.0M | $180.0M | |
 Linera Lead | Seed Round | $6.0M | $60.0M | |
 PartyDAO Lead | Seed Round | $16.4M | $164.0M | |
 TipTop Lead | Series A | $23.0M | $230.0M | |
| Talos | Series B | $105.0M | $1.25B | |
| Azra Games Lead | Seed Round | $15.0M | $150.0M | |
 Loop Crypto | Seed Round | $4.0M | $40.0M | |
| Axie Infinity | Funding Round | $150.0M | $1.50B | |
 Pahdo Labs Lead | Series A | $15.0M | $150.0M | |
| LayerZero Lead | Series A | $135.0M | $1.00B | |
| World | Venture Round | $100.0M | $3.00B | |
| ApeCoin Lead | Equity Round | $450.0M | $4.00B | |
| Aptos Lead | Strategic Round | $200.0M | $2.00B | |
| Lido DAO Lead | Venture Round 2 | $70.0M | $700.0M | |
| Optimism | Series B Round | $150.0M | $1.65B | |
| Helium Lead | Series D Round | $200.0M | $2.00B | |
| POL (ex-MATIC) | Funding Round | $450.0M | $4.50B | |
| Aleo | Series B | $200.0M | $1.45B | |
| Phantom | Series B | $109.0M | $1.20B | |
| Sovrun Lead | Series A | $10.0M | $100.0M | |
| NEAR Protocol | Funding Round | $150.0M | $1.50B | |
| Goldfinch Lead | Funding Round | $25.0M | $250.0M | |
 Bitfinity Network | Seed Round | $1.5M | $15.0M | |
 Anchorage Digital | Series D | $350.0M | $3.00B | |
| Sound.xyz Lead | Seed Round | $5.0M | $50.0M | |
| Sui Lead | Series A | $36.0M | $450.0M | |
 League of Kingdoms | Private Sale | $3.1M | $50.0M | |
| Iron Fish Lead | Series A Round | $27.6M | $304.4M | |
| ZKsync Lead | Series B | $50.0M | $500.0M | |
| Mythos Lead | Series C | $150.0M | $1.50B | |
| Mythical Games Lead | Series C | $150.0M | $1.50B | |
 Forte | Series B Round | $725.0M | $7.25B | |
 Nansen | Series B Round | $75.0M | $750.0M | |
| Nym Lead | Funding Round | $13.0M | $130.0M | |
| Friends With Benefits Pro Lead | Venture Round | $10.0M | $100.0M | |
| World | Seed Round | $25.0M | $1.00B | |
| Ronin Lead | Series B Round | $150.0M | $1.50B | |
| Axie Infinity Lead | Series B Round | $150.0M | $3.00B | |
| Forta Lead | Venture Round | $23.0M | $230.0M | |
| Decentralized Social Lead | Venture Round | $200.0M | $2.00B | |
 ANGLE Lead | Seed Round | $5.0M | $50.0M | |
| Helium Lead | Private Round | $111.0M | $1.11B | |
| TrueFi Lead | Private Sale | $12.5M | $43.5M | |
| XMTP Lead | Series A Round | $20.0M | $200.0M | |
 OpenSea Lead | Series B | $100.0M | $1.00B | |
| Phantom Lead | Series A | $9.0M | $90.0M | |
| ECOx Lead | Series B | $60.0M | $800.0M | |
 Valora Lead | Seed Round | $20.0M | $200.0M | |
| ECO | Series B | $60.0M | $600.0M | |
| dYdX | Series C | $65.0M | $650.0M | |
| Solana Lead | Private Sale | $314.1M | $3.14B | |
| Nansen Lead | Series A Round | $12.0M | $120.0M | |
| Yield Guild Games Lead | Series 4 Round | $4.6M | $190.0M | |
| Talos Lead | Series A | $40.0M | $400.0M | |
| Forte | Series A Round | $185.0M | $1.85B | |
| Chia Lead | Series D Round | $61.0M | $610.0M | |
| Goldfinch Lead | Series A | $11.7M | $98.0M | |
| Aleo Lead | Series A | $28.0M | $280.0M | |
| OpenSea Lead | Series A | $23.0M | $230.0M | |
| Fei USD | Private Round | $19.0M | $190.0M | |
| ECOx Lead | Series A | $21.5M | $200.0M | |
| ECO Lead | Series A | $26.0M | $260.0M | |
| Anchorage Digital | Series C | $80.0M | $800.0M | |
| ZKsync | Series A | $6.0M | $60.0M | |
| Optimism Lead | Series A Round | $25.0M | $250.0M | |
| Rally | Community Treasury Fundraise | $34.8M | $2.70B | |
| Reflexer Ungovernance Token | Seed Round | $1.7M | $17.0M | |
| Uniswap Lead | Series A | $11.0M | $110.0M | |
| Arweave | Private Round | $8.3M | $83.0M | |
| NEAR Protocol Lead | Venture Round 3 | $2.0M | $320.0M | |
| Compound Lead | Series A | $25.0M | $250.0M | |
| NEAR Protocol Lead | Venture Round 2 | $659.9K | $290.0M | |
| NEAR Protocol Lead | Venture Round 1 | $18.9M | $250.0M | |
| Anchorage Digital | Series B | $40.0M | $400.0M | |
| Avalanche | Seed Round | $5.9M | $237.6M | |
| Anchorage Digital Lead | Series A | $17.0M | $170.0M | |
| Celo Lead | Pre-launch sale 2 | $30.0M | $1.00B | |
| Keep Network | Venture Round | $7.7M | $77.0M | |
| dYdX Lead | Series A | $10.0M | $100.0M | |
| Handshake | Private Sale | $10.2M | $204.0M | |
| TrueFi | Strategic Round | $20.0M | $200.0M | |
| Oasis Lead | Backers | $45.0M | $200.0M | |
| Compound Lead | Seed Round | $8.2M | $82.0M | |
| Orchid Protocol | Pre-Sale | $36.1M | $361.0M | |
 Basis Cash | Funding Round | $133.0M | $1.33B | |
| Internet Computer Lead | Pre-Sale | $102.0M | $2.15B | |
| Chia | Seed Round | $3.4M | $34.0M | |
 Maker Lead | Seed Round 2 | $15.0M | $250.0M | |
| dYdX Lead | Seed Round | $2.0M | $20.0M | |
| Maker Lead | Seed Round 1 | $12.0M | $300.0M | |
| Arweave | Seed | $5.0M | $50.0M | |
| Internet Computer Lead | Strategic Round | $61.0M | $891.5M | |
| Orchid Protocol Lead | Seed Round | $4.7M | $47.0M | |
| Internet Computer Lead | Seed/Private Sale | $4.2M | $17.0M | |
| XRP | Funding Round | — | — |
Focus areas
Blockchain14
Layer-26
DeFi4
Crypto Treasury Assets3
Coinlist Launchpad3
Infrastructure3
Liquid Staking Protocols3
Co-investors
Coinbase Ventures18 shared
Polychain Capital13 shared
Multicoin Capital9 shared
Paradigm9 shared
Electric Capital8 shared
Hashed8 sharedFunds that most often back the same projects.