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    a16z targets $3.4B for next early-stage funds: report


    • Andreessen Horowitz (a16z) is planning to lift $3.4 billion for its subsequent early and seed-stage fund.
    • The fundraising is reportedly set to start out by the top of 12 months.

    Andreessen Horowitz (a16z), a crypto-friendly enterprise capital agency based mostly in Silicon Valley, is concentrating on roughly $3.4 billion for the subsequent early-stage and seed-stage funds, in line with Axios.

    In line with the report, the core fund will signify a slight improve for a16z when in comparison with earlier efforts.

    New development, crypto and bio automobiles

    Andreessen Horowitz is likely one of the bullish VCs on AI, an space that’s seeing a big uptick in investments. However as synthetic intelligence tasks show a giant hit for VC fundraising, the broader panorama is seeing notable declines.

    The fundraising that reportedly is marked to start out in direction of the top of the 12 months eyes “new development, crypto and bio automobiles in 2025.” Per Axios, the VC big “will ask, though not require, restricted companions to take a position by way of a brand new grasp car that might feed into sub-funds (together with a few of its sector-specific automobiles).”

    In Might 2022, a16z announced a $4.5 billion fund that focused tasks in crypto and blockchain. Earlier this 12 months, Andreessen Horowitz outlined its bullish outlook on generative AI, noting the trade’s large potential and impression. 

    That perspective provides to its footprint within the crypto house, with excessive profile investments together with these in Coinbase, Dapper Labs, Avalanche and MakerDAO.

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