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Scoop: Andreessen Horowitz closes on two new funds

In this image, Andreessen Horowitz sits in a chair and speaks.
Andreessen Horowitz co-founder Ben Horowitz speaks onstage at TechCrunch Disrupt SF 2018 in San Francisco. Photo: Steve Jennings/Getty Images for TechCrunch

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.

Go deeper: Review Andreessen Horowitz's fundraising strategy