Andreessen Horowitz raises over $15 bln funding

Venture capital firm Andreessen Horowitz (a16z) has raised more than $15 billion across five new investment funds, according to a recent announcement.

The new funds include $6.75 billion for a growth fund to scale startups, $1.7 billion for an AI infrastructure fund, and $1.12 billion for a fund focused on national interests like defence and supply chain, states a report by Reuters on the matter. The fundraising comes less than two years after the firm's last major haul of $7.2 billion in April 2024.

The successful raise highlights how large, established venture firms continue to attract capital despite a broader slowdown in VC fundraising, suggests the report. Industry data shows new commitments to VC funds dropped significantly last year, reaching the lowest number of new funds in a decade.

In a statement reported by Reuters, a16z co-founder Ben Horowitz linked the investment focus to geopolitical competition, saying, "At this moment of profound technological opportunity, it is fundamentally important for humanity that America wins." The firm's co-founder, Marc Andreessen, is a prominent donor and advisor to the Trump administration.

The firm, which currently manages over $90 billion in assets, was previously reported to be seeking a roughly $20 billion megafund for AI investments. It is known for early investments in companies like Facebook, Instagram, and Coinbase.