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Andreessen Horowitz said to follow $2.6bn crypto, seed fund closes with another $6.5bn double fundraise

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Venture capital investment giant Andreessen Horowitz is reportedly back eyeing another $6.5bn of capital across two new funds, having already raised about $2.6bn so far this year.

The firm is looking to collect $4.5bn for its third flagship growth fund and another $2bn for its eighth early-stage fund according to the Wall Street Journal, which cited unnamed people it said were familiar with the matter.

Andreessen Horowitz raised $2.2bn for a giant cryptocurrency investment fund earlier this year, as well as $400m for a seed fund.

Last November Andreessen Horowitz boosted its capital under management to almost $16.5bn by closing $4.5bn across two new fundraises.

The firm raised $1.3bn for its early-stage Fund VII, which will target consumer, enterprise and financial services technologies.

AH also picked up $3.2bn for its Growth II vehicle, a later-stage fund that invests across all of its core specialisms –  consumer, enterprise, financial technology, bio, and crypto.

Recent deals from the firm include backing UK finance software startup Sequence.

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