Venture capital firm Andreessen Horowitz has raised $7.2 billion across five different funds, with the majority going towards late-stage investments. This comes as a positive sign for the tech startup world, which has experienced a lack of significant exits in recent years.
Andreessen Horowitz raised $7.2 billion for several funds, the bulk of which will go towards late-stage, or growth, investments.
"This marks an important milestone for us," Ben Horowitz, who co-founded the firm with Marc Andreessen in 2009, wrote in a blog post. Since 2021, when tech IPOs and startup investing surged to a record, venture investors have closed their wallets. Soaring inflation and rising interest rates in 2022 pushed investors out of risky assets and forced cash-burning startups to dramatically cut costs. Even with the stock market recovering, venture deals have remained depressed.published earlier this month by PitchBook.
Andreessen Horowitz Tech Startup Investments Funding Late-Stage Growth
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