Scoop: Andreessen Horowitz closes on two new funds
Andreessen Horowitz has closed on two new funds, Axios has learned.
The big picture: Last year we previewed the venture giant's new capital strategy, which was moving away from the multi-stage, multi-sector flagship vehicles for which it was known.
Details: The new vehicles are a $750 million early-stage effort and a $2 billion later-stage fund that will be led by recent hire David George.
- Andreessen Horowitz continues to invest out of dedicated bio and crypto funds, both of which are eventually expected to raise new successors.
- For the sake of symmetry, this puts the firm's total fundraising haul at nearly $10 billion, just as it hits its 10th anniversary.