- Andreessen Horowitz (a16z) plans to raise $3.4 billion for its next seed and early stage fund.
- It is reported that fundraising activities are scheduled to begin later this year.
According to Axios, Silicon Valley-based cryptocurrency-friendly venture capital firm Andreessen Horowitz (a16z) is targeting approximately $3.4 billion for its next early-stage and seed-stage fund.
According to the report, a16z’s core fund will see a slight increase compared to previous efforts.
New growth, cryptocurrency and bio vehicles
Andreessen Horowitz is one of the VCs bullish on the AI space, where investment is growing significantly. However, as AI projects have found great success in raising VC funding, we are seeing a notable decline on a broader scale.
The funding, which is said to begin later this year, is targeting “new growth, cryptocurrency and bio vehicles in 2025.” According to Axios, big VCs “will require limited partners to invest through new master vehicles that will be funneled into sub-funds (including some sector-specific vehicles).”
In May 2022, a16z announced a $4.5 billion fund targeting cryptocurrency and blockchain projects. Earlier this year, Andreessen Horowitz offered an optimistic outlook on generative AI, citing the industry’s enormous potential and impact.
This perspective adds to its footprint in the cryptocurrency space with notable investments including investments in Coinbase, Dapper Labs, Avalanche, and MakerDAO.