Briefing

Andreessen Horowitz raises US$9B for new funds

The Menlo Park, Calif.-headquartered financier has secured US$1.5 billion for biotech investments, US$2.5- billion for venture deals, and US$5 billion to back growth-stage firms, co-founder Ben Horowitz wrote in a blog post. Last year the firm also raised US$2.2-billion and US$400-million vehicles focused on crypto and seed-phase companies, respectively. (The Logic)

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