a16z Targets $3.4B in Next-Earth Funding: Report
Andreessen Horowitz (a16z) plans to raise $3.4 billion for its next early and seed-stage fund. Fundraising is said to begin at the end of the year.
Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is targeting approximately $3.4 billion for its next round of early stage and seed stage funds, Axios said.
According to the report, the main fund represents a small increase for a16z compared to previous efforts.
New growth, crypto and bio vehicles
Andreessen Horowitz is one of the loosest VCs on AIA, an area that is seeing significant growth in investment. But while artificial intelligence projects are proving a huge success for VC fundraising, the broader landscape is seeing significant declines.
The fundraiser, which is said to start at the end of the year, looks at “new growth, crypto and bio vehicles by 2025”. Per Axios, the VC giant “requires limited partners to invest in a new master vehicle into sub-funds (including some sector-specific vehicles).”
In May 2022, a16z announced a $4.5 billion fund targeting projects in crypto and blockchain. Earlier this year, Andreessen Horowitz outlined the mass outlook for generative AI, noting the industry's enormous potential and impact.
That outlook adds to its footprint in the crypto space, with high-profile investments including those in Coinbase, Dapper Labs, Avalanche and MakerDAO.
