- Andreessen Horowitz (a16z) is planning to boost $3.4 billion for its subsequent early and seed-stage fund.
- The fundraising is reportedly set to start out by the tip of yr.
Andreessen Horowitz (a16z), a crypto-friendly enterprise capital agency based mostly in Silicon Valley, is concentrating on roughly $3.4 billion for the subsequent early-stage and seed-stage funds, in response to Axios.
In response to the report, the core fund will signify a slight improve for a16z when in comparison with earlier efforts.
New development, crypto and bio autos
Andreessen Horowitz is among the bullish VCs on AI, an space that’s seeing a major uptick in investments. However as synthetic intelligence initiatives show an enormous hit for VC fundraising, the broader panorama is seeing notable declines.
The fundraising that reportedly is marked to start out in the direction of the tip of the yr eyes “new development, crypto and bio autos in 2025.” Per Axios, the VC big “will ask, though not require, restricted companions to take a position by way of a brand new grasp automobile that will feed into sub-funds (together with a few of its sector-specific autos).”
In Might 2022, a16z announced a $4.5 billion fund that focused initiatives in crypto and blockchain. Earlier this yr, Andreessen Horowitz outlined its bullish outlook on generative AI, noting the business’s huge potential and impression.
That perspective provides to its footprint within the crypto house, with excessive profile investments together with these in Coinbase, Dapper Labs, Avalanche and MakerDAO.