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 current downturn in cryptocurrency and global risk markets due to uncertain prospects, a16z has confirmed that it has raised $7.2 billion in new funding, surpassing the company’s previous plan of $6.9 billion by 4%.
Ben Horowitz, co-founder of a16z, referred to this fundraising as a “significant milestone” in a blog post on Wednesday and stated that the funds will be allocated to different business areas within the company, including:
– American Dynamism, with a size of $600 million (defined as companies that “address America’s most urgent problems,” including industries such as aviation, defense, and manufacturing).
– Growth, with a size of $3.75 billion, targeting late-stage startups.
– Games, with a size of $600 million.
– Infrastructure, with a size of $1.25 billion.
– Apps, with a size of $1 billion.
Additionally, according to insiders familiar with the company’s plans, the AI field will not be a separate fund category since most of the newly established startups currently have applications of artificial intelligence. Another source stated that a16z is expected to raise more funds in 2025, with a focus on cryptocurrency and biotechnology.
The investment focus of a16z has gradually shifted over the years. While early investments were primarily focused on Web3 infrastructure, the company has recently turned its attention to the DeFi and NFT sectors. The 2024 Trends Report released at the end of last year also highlighted a16z’s significant interest in the AI and gaming sectors.
According to the latest statistics from the Root Data website, a16z’s investment portfolio includes:
– 47 projects in the infrastructure sector, which remains the primary investment area for a16z.
– 23 projects in the gaming sector, ranking second.
– 18 projects in the social and entertainment sector, followed closely by 16 projects in DeFi and 15 projects in NFT.
(Source: Root Data)