US-based venture capital powerhouse Andreessen Horowitz (a16z) said it just raised USD 9bn for its Venture, Growth, and Bio funds, as they aim to invest “across the entire spectrum of stages, writing checks as small as USD 25,000 and up to hundreds of millions of dollars.”
The firm said it raised USD 5bn for its Growth Fund, which has already invested in major crypto companies such as Coinbase, OpenSea, and Sandbox. Their Venture Fund raised USD 2.5bn, while the Bio fund got USD 1.5bn in fresh capital.
As reported, a16z raised USD 2.2bn for its Crypto Fund in 2021.
No further details about the latest raise and future investments were provided.
“We see entrepreneurs every day with potential solutions ranging from a fairer creative economy to better education for low income students to cures for cancer. We never know which of these will work and that’s why we value the people who bet their careers and their lives on solving these problems,” Ben Horowitz, Co-founder and General Partner at the firm, said.
Source: Cryptonews
