May 1, 2019

Scoop: Andreessen Horowitz closes on two new funds

Dan Primack

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

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Scoop: Andreessen Horowitz closes on two new funds

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