Andreessen Horowitz will pour $7.2 billion into gaming, AI and companies supporting U.S. national interests — but snubbed adding more to its crypto fund.
The venture firm is putting $600 million of its billions into a new gaming fund — which includes Web3, GameFi and AI-integrated gaming projects.
The firm’s “Growth” venture strategy — a bundle of funds backing a range of early-stage startups — will receive the largest chunk of the raise at $3.75 billion. Its"Infrastructure" and"Apps" will respectively receive $1.25 billion and $1 billion, a16z The remaining $1.2 billion will be evenly split between “Games,” its gaming-focused funds, and its new “American Dynamism” fund — which invests in founders and companies supporting United States national interests in aerospace, defense, safety, education and manufacturing.will be used to create a second game-focused fund, according to Andrew Chen, a general partner at a16z, who oversees its Games Fund One.
Each focus fund will have its own experts to maximize the likelihood of each fund’s success, a16z co-founder Ben Horowitz said in the April 16 statement.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andreessen Horowitz to invest $30M in tech-fueled gaming startupsSilicon Valley-based VC firm Andreessen Horowitz will invest another $30 million into gaming startups at the cross-section of Web3, AI, virtual reality and augmented reality.
Read more »
Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing backa16z raised $7 billion for growth and artificial intelligence investments, among other things, but has not announced any fundraising for its crypto arm.
Read more »
Andreessen Horowitz Raises $7.2 Billion for Tech Startup InvestmentsVenture 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.
Read more »
VC Giant Andreessen Horowitz Joins AI Hype with Gargantuan FundraiseThe VC giant has refrained from raising new capital for its massive crypto fund
Read more »
Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fundSaudi Arabia's PIF has been on a buying spree as it seeks to diversify the kingdom's revenues away from oil.
Read more »
Marc Andreessen, Galaxy Digital, Accolade, back new $75 million crypto fund: ReportThe $75 million fund was announced during an uptick of institutional interest in crypto investments.
Read more »