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Web3 Venture Capital a16z announces new funding of US$7.2 billion! What areas are you targeting?

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Release: 2024-04-17 15:40:16
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Web3 Venture Capital a16z announces new funding of US$7.2 billion! What areas are you targeting?

While cryptocurrency and global risk markets are currently down due to an uncertain outlook, a16z (Andreessen Horowitz), the world’s largest Web3 venture capital fund, confirmed that it has raised $7.2 billion in new funding , an amount that is 4% higher than the company’s previous plan of $6.9 billion.

a16z co-founder Ben Horowitz called the funding a "major milestone" on Wednesday and said the funds will be allocated to different business areas within the company, including:

  • American Dynamism, US$600 million (the company defines this as a company that "solves America's most pressing problems," including industries such as aerospace, defense and manufacturing.)

  • Growth business, a late-stage startup with a scale of US$3.75 billion

  • Games business, a scale of US$600 million

  • Infrastructure (Infrastruction), scale 1.25 billion US dollars

  • Apps, scale 1 billion US dollars

In addition, according to people familiar with the company’s thinking, the AI ​​field will not be an independent fund category because most of the new startups currently established have artificial intelligence applications. Another person familiar with the matter said a16z is expected to raise more funds in 2025 and will focus on the cryptocurrency and biotech fields.

The focus of investment is gradually shifting

It is understood that a16z’s early investment focus was mostly on Web3 infrastructure. In recent years, it has turned its focus to the DeFi and NFT fields. The outlook released at the end of last year In the 2024 trend report, it can be seen that a16z has great interest in the fields of AI and gaming.

According to the latest statistics from the RootData website, the number of a16z investments so far:

  • Infrastructure construction is still a16z’s main investment area, covering up to 47 projects

  • Ranked second in the gaming field, with a total of 23 projects

  • Ranked third in the social and entertainment field, with a total of 18 projects, followed by There are 16 and 15 projects for DeFi and NFT respectively

Web3 Venture Capital a16z announces new funding of US$7.2 billion! What areas are you targeting?

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source:120btc.com
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