Venture Firm A16Z Raises $9B For Latest Funds

By McCord Pagan (January 7, 2022, 5:54 PM EST) -- Venture capital firm Andreessen Horowitz said Friday it's raised $9 billion to invest across three of its funds.

The Silicon Valley, California-based firm, also known as a16z, said in a statement that the new cash includes $5 billion for its growth fund, $2.5 billion for its venture fund and $1.5 billion for its bio fund. In 2021, the group raised $2.2 billion for its crypto fund and $400 million for its seed fund, it added.

"We see entrepreneurs every day with potential solutions ranging from a fairer creative economy to better education for low income students to cures for cancer," Andreessen...

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