Andreessen Horowitz (a16z), the famous venture capital firm, has announced that it’s raised new funds totaling $4.5 billion, which now brings the amount of assets under the firm’s management to $16.5 billion. The firm raised two new funds, a ‘Fund VII’ of $1.3 billion and ‘Growth II’ of $3.2 billion, whereas Fund VII is earmarked for early-stage bets while Growth II is earmarked for late-stage bets.

With Andreessen Horowitz now managing $16.5 billion, it counts as one of the biggest venture capital firms ever. The firm has come a long way since its founding in 2009 by entrepreneurs Marc Andreessen and Ben Horowitz. 

Before founding Andreessen Horowitz, Marc Andreessen was a serial entrepreneur who earlier co-founded Netscape, one of the first internet giants, and Opsware, a company that sold for $1.6 billion to HP in 2007. Likewise, Ben Horowitz was an entrepreneur who had co-founded Opsware together with Andreessen.

Andreessen Horowitz was founded in 2009 bearing the names of its two founders, Marc Andreessen and Ben Horowitz. Since then, it’s evolved into one of the biggest and highest-performing venture capital firms in the US, with bets on metaphorically all the major technology companies one can mention.

Seemingly, Andreessen Horowitz has the vibes of “spray and pray” investing due to its bets on lots of companies. However one may put it, it has apparently worked well for the firm, which has scored numerous big wins and is set to score even more with the imminent IPOs of Airbnb, DoorDash, Roblox, and Affirm. 

Before now, Andreessen Horowitz’s most recent fundraise happened this April when it closed $515 million for a crypto-focused fund.

Photo: Marc Andreessen, Co-founder and Partner, Andreessen Horowitz by fortuneglobalforum is licensed under CC BY-NC-ND 2.0

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