Business & Finance
Andreessen Horowitz expands fifth growth fund to $8.5 billion
The venture capital firm added $1.75 billion to the growth vehicle shortly after launching a $1.1 billion AI hardware fund.
The short version
- Andreessen Horowitz added $1.75 billion to its fifth growth fund, bringing its total size to $8.5 billion after launching at $6.75 billion in January.
- The expansion comes shortly after the firm introduced its $1.1 billion Machine Age Fund, which focuses on artificial intelligence hardware startups.
- The growth capital targets scaling companies across AI, defense tech, robotics, infrastructure, and health tech.
Key facts
- Andreessen Horowitz expanded its fifth growth fund to $8.5 billion by adding $1.75 billion to the $6.75 billion raised when the fund launched in January.[TechCrunch]
- The growth fund expansion follows the recent launch of a $1.1 billion Machine Age Fund focused on AI hardware startups working on chips, memory, networking, and storage.[TechCrunch]
- Over seven years, Andreessen Horowitz's growth fund has backed more than 100 companies, according to general partner David George.[TechCrunch]
- In January, the firm announced $15 billion in new funding and held $90 billion in assets under management.[TechCrunch]