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Andreessen Horowitz raises $450 million for second bio fund

Andreessen Horowitz partner Vijay Pande. Image: Rebecca Zisser / Axios

Andreessen Horowitz has raised $450 million for its second venture capital fund focused on the intersection of biology and computer science.

Why it matters: This is more than double the size of Andressen Horowitz's first bio-focused fund, reflecting more opportunity than the Silicon Valley-based firm had originally expected — including for companies with applications outside of healthcare.