TLDR:
- a16z, a Silicon Valley venture capital firm, raised $7.2 billion in new funds
- Multiple specific funds were created, including American Dynamism, Apps, Gaming, Infrastructure, and Growth Stage Investing
Andreessen Horowitz (a16z) has closed a mega $7.2 billion in new funds, surpassing its targeted $6.9 billion. The VC firm, known as one of the largest backers of crypto projects, announced the new funds on April 16. These specific funds focus on various areas such as American Dynamism, Apps, Gaming, Infrastructure, and Growth Stage Investing.
a16z’s co-founder Ben Horowitz stated that this is a major milestone for the firm, with each dedicated venture fund having its own team of experts focusing on specific segments. Other than the mentioned funds, a16z also has sub-market funds for Bio+Health and crypto investments in platforms like Uniswap and Opensea.
Last month, a16z announced its CSX Spring 2024 program in London, accommodating 25 projects. The firm released a report highlighting big trends in crypto for 2024 including modular tech stacks, AI+blockchain, play-to-earn, NFTs, and SNARKs.
