Andreessen Horowitz Adds $9 Billion in Giant Fundraising (1)

Andreessen Horowitz raised $9 billion to invest in a wide range of startups, completing one of the largest fundraising campaigns in venture capital.

The money is parked in three new funds, the firm said Friday. More than half sits in a growth fund targeting more mature startups. The rest is distributed between a general venture fund and one specializing in biotech and health.

The fundraising effort exceeds one Sequoia Capital completed in 2020 that raised about $7 billion. With the new cash, Andreessen Horowitz’s total assets under management is now more than $28 billion.

Ben Horowitz

Photographer: Martina Albertazzi/Bloomberg

At 12 years old, Andreessen ...