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• Andreessen Horowitz (a16z) is planning to lift $3.4 billion for its next early and seed-stage fund.
• The fundraising is reportedly set to begin by the tip of 12 months.

Andreessen Horowitz (a16z), a crypto-friendly enterprise capital agency primarily based in Silicon Valley, is focusing on roughly $3.4 billion for the next early-stage and seed-stage funds, in keeping with Axios.

According to the report, the core fund will characterize a slight improve for a16z when in comparison with earlier efforts.

New development, crypto and bio automobiles

Andreessen Horowitz is without doubt one of the bullish VCs on AI, an space that’s seeing a big uptick in investments. But as synthetic intelligence initiatives show a giant hit for VC fundraising, the broader panorama is seeing notable declines.

The fundraising that reportedly is marked to begin in the direction of the tip of the 12 months eyes “new growth, crypto and bio vehicles in 2025.” Per Axios, the VC large “will ask, although not require, limited partners to invest via a new master vehicle that would feed into sub-funds (including some of its sector-specific vehicles).”

In May 2022, a16z announced a $4.5 billion fund that focused initiatives in crypto and blockchain. Earlier this 12 months, Andreessen Horowitz outlined its bullish outlook on generative AI, noting the trade’s large potential and affect. 

That perspective provides to its footprint within the crypto house, with excessive profile investments together with these in Coinbase, Dapper Labs, Avalanche and MakerDAO.