Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back

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. Horowitz said in the post that $1.25 billion will be dedicated to infrastructure, which includes artificial intelligence investments, while $1 billion will go to app investments, $600 million to games and another $600 million to what the firm callsThe firm had initially aimed to raise $6.9 billion from investors for a new set of funds, including two with an AI focus, Bloomberg. AI investing has been red hot in Silicon Valley and beyond, while the broader market has been in a downturn.

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Kiki, a Beauty Brand That Wants to Cocreate Products With Its Consumers, Has Gained Investment From The Estée Lauder Cos.’ Early Investment ArmAs well as Lauder's New Incubation Ventures, the round was also led by a16z crypto, part of Andreessen Horowitz.
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