Andreessen Horowitz raising $1.5 bil for fund IV — Fortune


Andreessen Horowitz is raising a fourth fund with a target of $1.5 billion, Fortune reported.

The report is surprising, given that the firm closed on $1.5 billion for its third fund in January 2012. Venture firms typically go three to four years between each fund. If Andreessen is already raising fund IV, then that suggests that its third fund is getting close to being fully committed.

Andreessen Horowitz invested in 73 companies last year, according to Thomson Reuters (publisher of peHUB). Companies it backed last year include shopping site Fab.com, food-replacement maker Soylent, ride-sharing service LYFT, social sharing site Pinterest, stealth payment company Clinkle, and bitcoin wallet maker Coinbase.

Andreessen was the eighth most active U.S.-based venture firm in 2013, behind such firms as Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson and New Enterprise Associates, Thomson Reuters reported.

Fundraising? Then you don’t want to miss EMERGING MANAGER CONNECT in NYC on Jan. 24. This event is packed with 100+ LPs managing more than $45 billion devoted to emerging managers combined. Details are here: http://bit.ly/2ed5fcM

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.