a16z Renames Crypto Fund to a16z Frontier, Widens Mandate to AI and Biology
- —Fund renamed a16z Frontier, with "crypto" removed from the name
- —Mandate expanded to AI, autonomous machines and biology
- —Chris Dixon leads alongside Andreessen and Horowitz
- —Last known fund size was $2.2 billion, announced in May
Why it matters: The largest crypto VC fund is repositioning as bitcoin falls and ETFs bleed, signaling a broader reassessment of the sector.
Source: Decrypt