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Andreessen Horowitz raises $9bn

The California-based asset manager has held a final close on three funds.

Funds: Growth III, Fund VIII and AH Bio Fund IV
Amount raised: $9 billion
Stage of fundraising: Final close
Final close date: January 2022
Predecessor funds: Growth II ($3.2 billion), Fund VII ($1.3 billion) and AH Bio Fund III ($750 million)

Andreessen Horowitz has held the final close on three funds, raising a total of $9 billion in capital commitments according to a press release. Andreessen Horowitz Growth III has raised $5 billion, the venture vehicle Fund VIII has raised $2.5 billion, while AH Bio Fund IV has raised $1.5 billion. Capital raised will be invested in technology firms.