https://techcrunch.com/2020/11/20/a16z-is-now-managing-16-5-billion-after-announcing-two-new-funds/

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Andreessen Horowitz (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a $3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request for comment. The funds may seem somewhat typical, given that size of new funds that venture firms have been raising in recent years, Still, these are extraordinary amounts given that a16z, with offices in Menlo Park and San Francisco, was founded just 11 years ago. As extraordinary, they bring the firm’s total assets under management to $16.5 billion. Full story

20 November

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