Andreessen Horowitz, known as a16z, is a U.S. venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from seed through growth stages across technology sectors, including AI, enterprise software, financial technology, bio and healthcare, consumer products and infrastructure.
Investment approach
The firm combines investment capital with operating teams that help portfolio companies with recruiting, marketing, sales, policy and other business needs. Its funds have different sector mandates and stages; an investment by one fund does not describe the scope of every a16z vehicle. The firm reports more than $100 billion under management as of April 30, 2026.
The Frontier portfolio disclosure includes companies and blockchain projects such as Coinbase, OpenSea, Solana, Aptos and Compound. It includes historical investments and exits and does not establish current holdings.
In September 2018, a16z announced a $15 million MKR token purchase. The protocol was then known as MakerDAO and is now called Sky.
From crypto to Frontier
In October 2026, a16z renamed its crypto investment group a16z Frontier and expanded the scope of its new fund beyond crypto startups. CryptoSlate covered the new Frontier strategy. The group continues to invest in crypto while also considering AI, autonomous machines and other emerging technologies.
Chris Dixon leads Frontier as Managing Partner alongside the firm’s founders and General Partners Eddy Lazzarin and Guy Wuollet. Operating teams support portfolio companies in regulatory matters, go-to-market work, talent, marketing and technical research.
Research and founder resources
The firm publishes investment essays, podcasts and research, including State of Crypto reports on adoption, stablecoins, blockchain infrastructure and related markets. Its technical researchers also study cryptography, distributed systems and market design. These publications reflect the authors’ analysis and investment interests; portfolio backing does not establish a product’s safety or future returns.
