May 29, 2024

Venture company Andreessen Horowitz raised $7.2 billion.

venture_investments-min
venture_investments-min

The crypto-friendly venture firm Andreessen Horowitz (a16z) has raised $7.2 billion in investments, as reported by Bloomberg.

The co-founder of the company, Ben Horowitz, called this financing round a “significant milestone.” The final amount exceeded the target by approximately 4%.

Representatives of Andreessen Horowitz noted that the raised funds will be allocated to several areas:

  • American Dynamism — startups that align with “national interests” ($600 million);
  • later-stage projects ($3.75 billion);
  • gaming platforms ($600 million).

One informed source emphasized that a16z intends to raise additional funds in 2025 for the development of projects focused on cryptocurrencies and biotechnology.

Earlier, Andreessen Horowitz published forecasts for 2024, highlighting key areas of development, including the integration of AI with blockchain and the new wave of NFT popularity.

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