"Firm co-founder Ben Horowitz announced on Friday that it just finished fundraising $15 billion, a vast sum that signals faith in the tech industry, the venture ecosystem and the continued role of a16z as a steward of startups. The firm plans to distribute the cash - one of the largest-ever fundraising hauls for a VC fund, according to Forbes - through funds focused on various segments of the technology industry."
"Horowitz broke down the planned investment categories in his announcement: The firm plans to devote $6.75 billion to growth-stage startups, $1.7 billion to apps and infrastructure, $700 million to bio and health companies, a little over $1 billion to its American Dynamism initiative and $3 billion to "other venture strategies." As TechCrunch reported, the company is secretive about the source of its funds, but California's public pension fund and Saudi Arabia's investment arm have contributed before."
Andreessen Horowitz completed fundraising of $15 billion. The firm plans allocations of $6.75 billion to growth-stage startups, $1.7 billion to apps and infrastructure, $700 million to bio and health companies, a little over $1 billion to its American Dynamism initiative, and $3 billion to other venture strategies. The cash haul represents about 18% of all U.S. venture capital raised last year and increases assets under management to $90 billion. The firm is more than 15 years old and launched American Dynamism in 2022 to back companies addressing critical national problems. The firm has accepted investments from public pension and sovereign funds while remaining selective about disclosing fund sources.
Read at SFGATE
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