a16z raises $7.2 billion in new funding, plans to raise more in 2025

2024-04-16 23:39:39 Views

  According to BlockBeats, on April 16, Bloomberg reported that Andreessen Horowitz (a16z), one of the largest venture capital firms in Silicon Valley, has raised $7.2 billion in new funds.

  a16z co-founder Ben Horowitz called the financing an "important milestone" in a blog post. The final total exceeded the company's previous fundraising target by about 4%.

  Ben Horowitz said the funds will be allocated to different business areas within the company. These include the "American Dynamism" business, which focuses on startups that further promote "national interests" with a scale of $600 million; Growth or late-stage startups with a scale of $3.75 billion; and the gaming business with a scale of $600 million.

  According to a person familiar with the company's thinking, artificial intelligence is not a separate fund because all or most of the startups being established now have applications for artificial intelligence. Another person familiar with the matter said Ben Horowitz still plans to raise additional funds in 2025, focusing on cryptocurrency and biotechnology. Both people asked not to be identified because the information involved is private.

  Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.
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Title:a16z raises $7.2 billion in new funding, plans to raise more in 2025 - Flash
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