Although cryptocurrency and global risk markets are currently down due to uncertain prospects, a16z (Andreessen Horowitz), the world's largest Web3 venture capital fund, confirmed that it has raised $7.2 billion in new funding, an amount higher than the company's previously planned $6.9 billion. The dollar is 4% higher.
Extended reading: The world’s largest Web3 venture capital fund” a16z is rumored to raise another US$6.9 billion: focusing on AI artificial intelligence and gaming fields
a16z co-founder Ben Horowitz called the funding a "significant milestone" in a blog post on Wednesday and said the funds will be allocated to different business areas within the company, including:
- American Dynamism , US$600 million (the company defines this as companies that "solve America's most pressing problems," including industries such as aerospace, defense and manufacturing.)
- Growth, a late-stage startup with a scale of US$3.75 billion
- Games business, US$600 million
- Infrastructure, US$1.25 billion
- Apps, $1 billion
In addition, according to people familiar with the company's thinking, the AI field will not be a separate fund category because most of the new startups currently established have artificial intelligence applications. Another person familiar with the matter said a16z is expected to raise more funds in 2025 and will focus on the cryptocurrency and biotech fields.
Investment focus gradually shifts
It is understood that a16z’s early investment focus was mostly on Web3 infrastructure. In recent years, it has turned its focus to the fields of DeFi and NFT. In the 2024 trend report released at the end of last year, it can be seen that a16z has great influence on the fields of AI and games. great interest.
Extended reading: a16z accelerator support》On-chain poker battle EthXY tutorial, how can players plan in advance?
According to the latest statistics from the Root Data website, the number of investments in a16z so far:
- Infrastructure remains a16z’s main investment area, covering up to 47 projects
- Ranked second in the gaming field with a total of 23 projects
- The social and entertainment field ranked third with a total of 18 projects, followed by DeFi and NFT with 16 and 15 projects respectively.
