Silicon Valley venture capital giant Andreessen Horowitz is looking to raise $6.9 billion from investors for a new set of funds, including two focused on artificial intelligence, according to a person familiar with the matter.
The firm is raising money for its main fund, with half the money going to the firm’s fourth growth fund, said the person, who asked not to be identified discussing private information. Two years ago this raised $5 billion for your means of growth.
The remaining half of the new fundraising will go to two specialized artificial intelligence funds, a gaming fund and a fund to support startups in a field he calls American dynamism, – said the man. The firm defines American Dynamism as companies that “solve the most pressing problems” in the U.S., including in sectors such as aviation, defense and manufacturing.
Andreessen Horowitz will wait until next year before raising more money for its crypto and bio funds, the person said. Andreessen Horowitz dedicated $4.5 billion in crypto funds in 2022.
The firm did not immediately respond to a request for comment. News about this year’s fundraising was previously reported from Axios.