Venture capital firm Andreessen Horowitz successfully closed the $1.5 billion in new funding it had been seeking, bringing the total funding under its management to $2.7 billion.
The impressively large figure consists of a $900 million main fund and a $600 million parallel fund, which will perpetuate Andreessen Horowitz’ focus on consumer and enterprise technology businesses.
Firm principle Ben Horowitz told TechCrunch it took only about three weeks to raise the funding, and another six weeks to complete the formalities.
The Menlo Park, Calif.-based firm has invested in companies in all stages, from seed on up, including Airbnb, Box.net, Fab, Facebook, Fusion.io, Foursquare, Pinterest, Skype, Twitter and Zynga.
Andreessen Horowitz – http://a16z.com
Ben Horowitz’ blog post – http://tinyurl.com/6qhkfl3
TechCrunch – Ben Horowitz: “It Took About 3 Weeks” To Raise Our $1.5 Billion Fund
Mercury News – Andreessen Horowitz raises $1.5 billion venture fund, one of industry’s largest in years
NY Times’ DealBook – Andreessen More Than Doubles His Firm’s Assets
Forbes – Andreessen Horowitz Closes $1.5 Billion Third Fund
Photo by Flickr user 401K, used under Creative Commons license