Silicon Valley Venture Capital Firm Andreessen Horowitz Closes Fund V, at $1.5 Billion

a16zSilicon Valley venture capital firm Andreessen Horowitz closed its Fund V at $1.5 billion.

Andreessen Horowitz Fund V will continue to invest in seed, early-stage, and mid-stage-growth tech companies under the legendary thesis of “software is eating the world“.

As highlighted by managing partner Scott Kupor, the firm will continue to back tech startups disrupting traditional sectors, e.g. Airbnb in hospitality, Everlaw in legal, Instacart in grocery, Lyft in ride-sharing, OpenGov in government data, Soylent in food, Branch, Coinbase, and Transferwise in financial services, as well as new startups whose creation is driven by the expansion in market size as well as fundamental enabling innovations. “Besides cloud, mobile, and full-stack approaches, there are more breakthroughs than ever before in machine learning/deep learning/AI; distributed systems; security; networking; and more“, Kupor writes in his post.

Created by Marc Andreessen and Ben Horowitz in 2009, the firm currently has a team of 125. It is based in Menlo Park, CA.

FinSMEs

10/06/2016

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