When Marc Andreessen isn't busy fighting with Jack Dorsey and making memes about blocking people on Twitter, it's clear he's been out fundraising for his firm. Andreessen Horowitz announced Friday that it's closed another $9 billion across three funds.
The largest chunk of $5 billion will go to its third Growth Fund, which focuses on backing later-stage companies inside and outside its portfolio. Its generic venture fund raised $2.5 billion to invest in early-stage consumer, enterprise and fintech. A16z's bio and health fund raised $1.5 billion to double down on seed and early-stage funding.
The new funds brings the firm's total to over $28 billion in assets under management, including a $2.2 billion crypto fund and a $400 million seed fund raised recently. Despite its scale, co-founder Ben Horowitz said in a blog post that it's prepared to write checks both big and small, from $25,000 to hundreds of millions.