Andreessen Horowitz (a16z), a leading venture capital firm, has raised $7.2 billion for investments in various tech sectors, excluding further crypto investments.
The firm unveiled a new $600 million gaming fund aimed at projects in Web3, GameFi, and AI-integrated gaming, showcasing its interest in evolving gaming technologies.
The majority of the raised capital, $3.75 billion, is allocated to support early-stage startups through its "Growth" venture strategy.
Additionally, a16z has allocated $1.25 billion for its "Infrastructure" strategy, focusing on AI, computing, and data industries, and $1 billion for its "Apps" fund, targeting creators in consumer, enterprise, and fintech applications.
This diverse investment approach underscores a16z's commitment to fostering innovation across crucial sectors of technology.