Andreessen Horowitz Raises $650M Second Fund

Venture firm Andreessen Horowitz, formed by Netscape co-founder Marc Andreessen and entrepreneur Ben Horowitz, has raised $650 million for its second fund, Reuters reported. At a time when many VCs struggle to raise money, Andreessen Horowitz said it took only three weeks to close the fund, which is more than twice the size of its original fund. Formed in 2009, Andreessen Horowitz has invested in companies including social-gaming company Zynga, location services company Foursquare and VoIP service Skype.

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