Venture capital firm Andreessen Horowitz announced it has raised $7.2 billion for several venture strategies. The funding will be spread as follows: American Dynamism ($600 million), Apps ($1 billion), Games ($600 million), Infrastructure ($1.25 billion), and Growth ($3.75 billion).
The $3.75 billion growth fund will go towards later-stage companies likely nearing an IPO. Andreessen Horowitz’s American dynamism practice invests in founders and companies that support the national interest, like aerospace, defense, public safety, education, housing, supply chain, industrials, and manufacturing.
Andreessen Horowitz co-founder Ben Horowitz pointed out that each of these areas “requires deep expertise, so it’s not wise to try to cross-train someone in, for example, Games and Infrastructure. More importantly, founders building AI foundation models need an entirely different set of networks and capabilities than founders building biotech therapies.”
This is why the firm created dedicated venture funds, each with its team of experts and capabilities, specifically focused on each of the segments.
Andreessen Horowitz is also known for being aggressive in the cryptocurrency space. In May 2022, it raised a $4.5 billion fourth cryptocurrency fund, bringing its investments in the cryptocurrency industry to over $7.6 billion.
With these new funds, Andreessen Horowitz has $42 billion in assets under management across multiple funds.
