Andreessen Horowitz raises $15B to back US-aligned tech, keeps crypto central

Andreessen Horowitz (a16z) said it has raised more than $15 billion to invest in companies and technologies it views as critical to securing America’s future, and said crypto remains a key part of that mission. In a post to X on Friday, a16z co-founder Ben Horowitz acknowledged that China and other competitors have caught up to the US and argued that America must continue to innovate to preserve technological, economic and military advantages.

He wrote: "As the American leader in Venture Capital, the fate of new technology in the United States rests partly on our shoulders. Our mission is ensuring that America wins the next 100 years of technology. That starts with winning the key architectures of the future – AI and crypto." The firm said the new capital will be allocated across several verticals, including Growth ($6.75 billion), Apps and Infrastructure ($1.7 billion each), an American Dynamism fund ($1.18 billion) and Bio and Healthcare ($700 million), with another $3 billion for other venture strategies.

a16z also noted the a16z Crypto fund did not receive funds in this round, while many crypto companies it has backed are part of the Growth fund. Separately, a16z invested $15 million in Babylon, a Bitcoin staking and lending protocol, aiming to support Bitcoin decentralized finance and make the cryptocurrency a more productive asset.

Key Topics

Crypto, Andreessen Horowitz, Ben Horowitz, Babylon, Bitcoin, American Dynamism