a16z Crypto rebrands as a16z Frontier as blockchain investing cools

Andreessen Horowitz renamed its digital asset unit from a16z Crypto to a16z Frontier, broadening its mandate to AI, robotics and new networks. The practice led by Chris Dixon has raised nearly $10 billion across five funds since 2018, including a bet on Coinbase. First crypto investor Ali Yahya has left the firm.

• a16z Crypto raised nearly $10B across five funds since 2018
• New mandate covers AI, robotics and "new kinds of networks"
• Chris Dixon, Eddy Lazzarin and Guy Wuollet remain general partners
• First crypto investor Ali Yahya has left the firm