Andreessen Horowitz Closes Two Funds Totalling $4.5 Billion
Summary
• Growth II, a $3.2 billion growth-stage fund that invests across all of the core a16z vertical domains: consumer, enterprise, financial technology, bio, and crypto. The vehicle seeks companies that have demonstrated product-market fit and are looking to expand their go-to-market presence. The new funds brought total assets under management to nearly $16.5 billion. In a blog post by Scott Kupor announcing the funds, the firm saids that the new vehicles represents a continuation of their core strategy and of their belief in some concepts which made the firm founded by Marc Andreessen and Ben Horowitz 11 years ago famous worlwide. 100 of 185 Andreessen Horowitz’s employees dedicated to creating a broad network among institutions and people who seek business relationships with their portfolio companies in order to accelerate their own growth efforts.