Andreessen Horowitz (a16z) said it raised more than $15 billion across several new funds this week to back AI, crypto, and “American Dynamism.” Stated funds include Growth, Apps, Infrastructure, American Dynamism, and Bio + Health.
The raise breaks down as roughly $6.75 billion for Growth and $1.7 billion each for Apps and Infrastructure. The package also includes about $1.176 billion for American Dynamism, $700 million for Bio + Health, and $3 billion in other strategies.
a16z has previously run dedicated crypto vehicles, from a $300 million first fund to a $4.5 billion fund in 2022. Notable past portfolio companies include Coinbase, Solana, Uniswap, OpenSea, and Phantom.
The firm highlighted bets on AI infrastructure, national-interest technologies, and durable app infrastructure. For crypto, it emphasized stablecoin and payments rails, tokenized assets, and institutional onboarding.
Crypto markets opened flat Monday with Bitcoin near $90,600 and Ether about $3,110, per market data. Monero jumped to roughly $600 and hit a new all-time high, rising strongly on the week (Ed. note: XMR topped previous records).
Other headlines: Ripple gained UK payments clearance, BNY Mellon launched tokenized deposits, and BTC ETFs recorded recent outflows, per flow data. NFTs saw mixed moves with leaders edging up, per market listings, including a Spirit Azuki sale noted on OpenSea.
Token and project updates arrived via social posts, including changes teased by Pump Fun, an oversubscribed close for Infinex, Trove’s ICO completion (Trove), a product drop from Rekt Drinks, and a $250 million raise announced by Rain. Tether also froze USDT tied to Venezuela trades.
