Andreessen Horowitz raises $1.5B fourth fund


Andreessen Horowitz announced the closing of a $1.5 billion fourth fund that will mix growth and early stage investing. In a blog post, Managing Partner Scott Kupor said Andreessen Horowitz Fund IV will capitalize on the growth of the mobile Internet and the decline in startup creation cost to back young companies. Industry sources said the fund will be evenly divided between growth and venture investing. The firm now has $4.2 billion under management.

The blog post can be found here.

 

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

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