- Andreessen Horowitz (a16z) has closed a couple of funds at a total of $4.5 billion. These are the details.
Andreessen Horowitz (a16z) has closed a couple of funds at a total of $4.5 billion, according to a blog post by the venture capital firm. Of the $4.5 billion, $1.3 billion is for an early-stage fund (Fund VII) and $3.2 billion is for a growth-stage fund (Growth II). With these new capital commitments, a16z now has $16.5 billion in total assets under management.
Fund VII will focus on investments in consumer, enterprise, and financial services technologies. And with 11 primary investing partners (across these three verticals), Fund VII will continue to invest in seed and early-stage venture rounds.
Growth II is a later-stage fund that invests across all of the core a16z vertical domains, including consumer, enterprise, financial technology, bio, and crypto. And with three primary investing partners working in partnership with all of the firm’s early-stage investing partners, Growth II will back companies that already exist within other a16z early-stage funds and in companies with which they do not have an existing investment.
Earlier this year, a16z had announced a $515 million crypto-focused fund. And the firm also launched a third biotech investments fund with $750 million in capital commitments.
There are three companies that a16z invested in that will be going public later this year. These companies include Airbnb, Affirm, and Roblox.
