Andreessen Horowitz announced it has raised more than $15 billion in new capital, with co-founder Ben Horowitz framing the fundraise as part of the firm’s mission to help the United States maintain technological leadership in an increasingly competitive global environment.
In a post published by the firm, Horowitz wrote that the fundraising includes new vehicles for American Dynamism ($1.176 billion), Apps ($1.7 billion), Bio + Health ($700 million), Infrastructure ($1.7 billion), Growth ($6.75 billion), and other venture strategies totaling $3 billion. He added that the firm’s fundraising represented more than 18% of all venture capital dollars allocated in the U.S. in 2025.
Horowitz positioned the firm’s strategy around expanding opportunity, arguing that the best outcome for society is enabling more people to “get a shot” at building, creating, and contributing—an idea he linked to American economic and technological dynamism over the past two and a half centuries.
He also said that the firm’s investment posture is directly to geopolitical competition, particularly with China, saying the U.S. must win in key technological “architectures of the future” to sustain economic strength and broader national power.
According to Horowitz, that effort begins with winning in artificial intelligence and crypto, then applying those technologies to domains he described as central to “human flourishing,” including biology, health, defense, public safety, education, and entertainment.
He further argued that policy outcomes will be pivotal to maintaining U.S. leadership, warning that early signs of slippage in AI and crypto could translate into broader erosion of American competitiveness if the country does not “push the policies… in the right direction.”
Horowitz said the firm intends to invest the new capital in “the best and the brightest entrepreneurs” to help build enduring, large-scale companies, while emphasizing that the benefits of those efforts should accrue to the U.S., its people, and allies.
KEY QUOTES
“So, at this moment of profound technological opportunity, it is fundamentally important for humanity that America wins.”
“Our mission is ensuring that America wins the next 100 years of technology. That starts with winning the key architectures of the future – AI and crypto.”
“If we fail to push the policies of the country in the right direction, America will likely lose its position as the global leader in technology.”
Ben Horowitz, Co-Founder and General Partner, Andreessen Horowitz
