– Venture capital massive Andreessen Horowitz raised $NINE billion via 3 new budget to invest across startups in numerous sectors, amid an international funding boom as massive buyers again high-growth tech startups at a record pace.
The firm raised $1.FIVE billion for a biotech-centered fund, $FIVE billion for a enlargement fund meant for scaling startups and $2.5 billion for a venture fund, it stated in a blog put up on Friday.
the latest fundraise, one among the biggest from Silicon Valley challenge finances in up to date years, comes months after Andreessen Horowitz raised two new budget – a $2.2 billion crypto-centered fund in June final 12 months and a $400 million fund for seed investments in early-stage tech startups.
Andreessen Horowitz, informally noted as a16z, plans to make use of the capital to double down on tech startups across different sectors.
a host of its portfolio corporations, together with Coinbase World Inc, Roblox Corp, Affirm Holdings Inc and undertaking instrument firm Samsara Inc, went public final yr.