Core Strategy: “Software eating the world.”

Andreessen Horowitz (a16z) collected $4.5 billion in two new funds, bringing its assets under management to a whopping $16.5 billion. (a16z)

The new funds round off earlier raises of $2.75 billion (May 2019),  $750 million (biotech – February 2020), and $515 million (Crypto – April 2020).

That’s an impressive tally of over $8.5 billion in just 19 months for Andreessen Horowitz.

a16z: Fund VII

The renowned Silicon Valley venture capital firm, which was founded just 11 years ago, said in a blog post that it closed Fund VII at $1.3 billion.

The fund will invest in consumer, enterprise, and financial services technologies, in seed and early-stage rounds.

Growth II

a16z wrapped up its Growth II fund at $3.2 billion and will deploy the money in investment opportunities with the following characteristics:

• It’s a later-stage fund.
• The core a16z vertical domains – consumer, enterprise, financial technology, bio, and crypto.
• Companies with demonstrated product-market fit
• Companies looking to expand their go-to-market footprint
• It may also look at existing a16z companies already in early-stage funding

a16z: Core strategy

The VC firm said it intended to continue its core investing tenets of buying into the best companies, with software being the route towards compelling investment opportunities.

It will respect entrepreneurs and their entrepreneurial process, and build a synergistic network around them to accelerate their growth.

Savvy investments

Tech Crunch listed some of a16z’s recent outstanding investments.

These include Plaid (acquired by Visa for $5.3 billion), Coinbase, BuzzFeed, and soon-to-IPO candidates Airbnb, Affirm, and Roblox.

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