Andreessen Horowitz raises $4.5bn

The California-based asset manager has held a final close for two growth capital funds.

Fund names: Fund VII and Growth II
Amount raised: $4.5 billion
Stage of fundraising: Final close
Final close date: November 2020

Andreessen Horowitz has raised a total of $4.5 billion across two funds, Fund VII and Growth II, according to a recent press release by the firm. Fund VII closed on $1.3 billion and Growth II on $3.2 billion.

Both funds will provide capital for companies in the consumer and financial services sector. Fund VII will invest in early stage companies whereas Growth II will invest in later stage companies.