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a16z has raised $7.2 billion in new funding, with plans to raise more in 2025

a16z has raised $7.2 billion in new funding, with plans to raise more in 2025

2024/04/16 15:37

PANews April 16 news, according to Bloomberg, venture capital firm Andreessen Horowitz (a16z) has raised $7.2 billion in new funding, with the final total exceeding the company’s earlier fundraising target by about 4%. The funds will be allocated to different businesses within the company. These include American Dynamism, a business focused on startups driving "national interest," which raised $600 million; growth businesses or late-stage startups, which raised $3.75 billion; and a gaming business, which raised $600 million.

AI is not a stand-alone fund because artificial intelligence (AI) now plays a prominent role in nearly all startups, according to a person familiar with the company's thinking. Another person familiar with the matter said Andreessen Horowitz still plans to raise more funds focused on cryptocurrencies and biotech in 2025.

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