Andreessen Horowitz Raises $8.5 Billion for Growth Fund

Andreessen Horowitz now has $8.5 billion in its fifth growth fund. The firm announced this update on August 31 after securing more capital from investors.

David George and Raghu Raghuram shared the news in a company blog post. They lead the growth team and focus on scaling big ideas.

This fund was first announced earlier this year. The extra cash gives the firm more power to invest in major tech companies.