Andreessen Horowitz raises $15 billion

Andreessen Horowitz  has raised more than $15 billion across multiple funds, including American Dynamism, Apps, Bio + Health, Infrastructure, and Growth, accounting for roughly 18% of all U.S. venture capital allocated in 2025.

In a blog post, cofounder Ben Horowitz said the firm is raising capital to back what it views as the next critical phase of technological competition, with a focus on AI and crypto as core architectures, and applications across healthcare, biology, defense, public safety, education, and government. Horowitz framed the effort as part of a broader mission to ensure U.S. leadership in technology amid increasing competition from China, arguing that sustained innovation is central to economic, geopolitical, and cultural strength.

“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. It continues with applying those technologies to the key areas that generate human flourishing: biology, health, defense, public safety, education, and entertainment. And it culminates with the American government adopting these technologies to defend and advance American interests.” – Ben Horowitz.

Andreessen Horowitz is an investor in Anzen Insurance, HappyRobot (alongside Tokio Marine), and District Cover, among others.