CNBC April 16, 2024
Key Points
– Andreessen Horowitz raised $7.2 billion for several funds, the bulk of which will go towards late-stage, or growth, investments.
– The firm is reeling in hefty amounts of cash while the broader startup and IPO markets remain depressed.
– Andreessen Horowitz didn’t announce any further fundraising for its crypto arm.
Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years.
“This marks an important milestone for us,” Ben Horowitz, who co-founded the firm with Marc Andreessen in 2009, wrote in a blog post.
The biggest chunk of new funding is in Andreessen...
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