According to Bloomberg, the world’s largest Web3 venture capital fund, a16z (Andreessen Horowitz), has raised $7.2 billion in new funding, which is 4% higher than the company’s previous plan of $6.9 billion.
Despite the uncertainty in the cryptocurrency and global risk markets, a16z has confirmed that it has raised $7.2 billion in new funding, which is 4% higher than the company’s previous plan of $6.9 billion.
Ben Horowitz, co-founder of a16z, referred to this fundraising as a “major milestone” in a blog post on Wednesday. He mentioned that the funds will be allocated to different business areas within the company, including American Dynamism ($600 million), Growth ($3.75 billion), Games ($600 million), Infrastructure ($1.25 billion), and Apps ($1 billion).
Furthermore, according to knowledgeable sources, the AI sector will not be a separate fund category as most of the newly established startups already have applications of artificial intelligence. Another insider stated that a16z is expected to raise more funds in 2025, with a focus on cryptocurrency and biotechnology.
It is understood that a16z’s early investment focus was primarily on Web3 infrastructure but has gradually shifted towards the DeFi and NFT sectors in recent years. The 2024 Trends Report released by a16z at the end of last year also highlighted the company’s significant interest in the AI and gaming sectors.
According to the latest statistics from the Root Data website, a16z’s investments to date include 47 projects in infrastructure, 23 projects in gaming, 18 projects in social and entertainment, and 16 and 15 projects in DeFi and NFT, respectively.
Source: Root Data