Andreessen Horowitz raises $7.2 billion but won’t fund cryptocurrencies
Key Takeaways
- Andreessen Horowitz has raised $7.2 billion to invest in a variety of sectors while reducing its focus on cryptocurrencies.
- The company plans to allocate the funds to its American Dynamics, apps, gaming, infrastructure and growth venture strategies.
- a16z is creating a specialized venture fund by forming a team of experts in each sector.
Andreessen Horowitz (a16z), a leading venture capital firm. It raised $7.2 billion to fund new ventures across a variety of sectors. Withdraw from investments in cryptocurrencies such as artificial intelligence
The venture capital firm explained its investment strategy in a statement on April 16.
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the largest amount, $3.75 billion to be invested in growth venture strategy We provide funding to early stage startups. Other $1.25 billion will support the infrastructure strategy. Focus on computing and AI The app will be allocated $1 billion. Covers consumer, enterprise and FinTech applications.
In addition to these investments, venture capital is planning the following investments: $1.2 billion divided into gaming funds and the new American Dynamism fund; It is designed to support startups that contribute to U.S. national interests in areas such as aerospace, defense, and education.
said Andrew Chen, general partner at a16z and manager of Games Fund One. A second gaming-focused fund is being planned. he made a special expression Interest in funded projects integrating generative AI into games and interactive entertainment; Recognize that potential for change.
As co-founder Ben Horowitz said, a16z Create venture funds specialized for each field, Each has its own team of experts, We recognize that every field requires deep expertise and diverse networks and capabilities.
Andreessen Horowitz aims to accelerate technological development and support startups that will transform their respective industries by focusing expertise and resources in specific areas.
Earlier this year, a16z invested $100 million in EigenLayer, highlighting Ethereum’s support for DeFi.
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