Jan 9 (Reuters) – Andreessen Horowitz has raised more than $15 billion across five new funds, less than two years after its last raise, the venture capital firm said on Friday, as major venture capital funds continue to attract capital to meet strong investment appetite for technology startups amid the rapid adoption of artificial intelligence.
Andreessen Horowitz, also known as a16z, has raised $6.75 billion for a growth fund aimed at scaling startups, $1.7 billion for an AI infrastructure fund and $1.12 billion for another fund focused on investing in national interests such as defense, housing and supply chains, the paper said.
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Due to poor exit performance over the past few years, VC funding remains difficult. Just $118.6 billion in new commitments closed last year, nearly $100 billion less than in 2024. The number of new funds closed in 2025 was also the lowest in a decade, according to Pitchbook data.
A16z's fundraising performance shows how the largest venture capital firms can raise more money from limited partners in a fundraising environment that is fairly slow for VC firms.
AI and defense technology are emerging as bright spots as the United States looks to maintain its global technological lead amid intensifying competition with China. a16z co-founder Marc Andreessen is a prominent supporter and major donor to President Donald Trump and an advisor to his administration's Department of Government Efficiency (DOGE).
“The technology landscape in which we invest…is intense competition with China…At this moment of great technological opportunity, it is of fundamental importance to humanity that America wins,” said Ben Horowitz, co-founder and general partner of a16z.
In its last major fundraising in April 2024, a16z raised $7.2 billion from five different funds. The firm currently manages more than $90 billion in assets across all its funds.
Deborah Sofia reports in Bangalore and Crystal Hu in San Francisco. Editing: Leroy Leo and Diane Craft
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