a16z targets $3.4B for subsequent early and seed-stage funds: report

• Andreessen Horowitz (a16z) is planning to lift $3.4 billion for its subsequent early and seed-stage fund.
• The fundraising is reportedly set to start out by the tip of yr.

Andreessen Horowitz (a16z), a crypto-friendly enterprise capital agency based mostly in Silicon Valley, is concentrating on roughly $3.4 billion for the subsequent early-stage and seed-stage funds, in keeping with Axios.

In keeping with the report, the core fund will symbolize a slight enhance for a16z when in comparison with earlier efforts.

New progress, crypto and bio automobiles

Andreessen Horowitz is likely one of the bullish VCs on AI, an space that’s seeing a big uptick in investments. However as synthetic intelligence initiatives show a giant hit for VC fundraising, the broader panorama is seeing notable declines.

The fundraising that reportedly is marked to start out in the direction of the tip of the yr eyes “new progress, crypto and bio automobiles in 2025.” Per Axios, the VC big “will ask, though not require, restricted companions to speculate through a brand new grasp car that will feed into sub-funds (together with a few of its sector-specific automobiles).”

In Might 2022, a16z introduced a $4.5 billion fund that focused initiatives in crypto and blockchain. Earlier this yr, Andreessen Horowitz outlined its bullish outlook on generative AI, noting the business’s huge potential and affect. 

That perspective provides to its footprint within the crypto area, with excessive profile investments together with these in Coinbase, Dapper Labs, Avalanche and MakerDAO.