Andreessen Horowitz Raises $1.5 Billion
Andreessen Horowitz, the venture capital company run by Marc Andreessen and Ben Horowitz has raised $1.5 billion. Ben Horowitz confirmed the investment on his blog today. The company has raised a total of $2.7 billion thus far.
The $1.5 billion will be going towards Fund III. Fund III will be used for extending their capabilities to more “disruptors and pioneers.” In 2011, Andreessen Horowitz hosted over 600 presentations to corporate customers and partners at their Menlo Park office. The presentations resulted in over 3,000 introductions between portfolio companies.
The company has relationships with over 4,000 engineers, designers, and product managers. Andreessen Horowitz has added over 550 executives to their network in 2011. Some of AH’s investments include Zynga, Foursquare, Groupon, Airbnb, Pinterest, and Jawbone.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry