The VC Firm Behind Hot Startups Like Airbnb, Lyft, And Twitter, Is Raising $1.5 Billion For Its 4th Fund

Advertisement

Marc Andreessen Ben Horowtiz Andreessen Horowitz

AP

A16Z founders Marc Andreessen and Ben Horowitz

Andreessen Horowitz, commonly referred to as A16Z, is raising $1.5 billion for its fourth fund, Fortune reports.

Advertisement

A16Z is the venture capital firm with investments in hot companies like Airbnb, Pinterest, GitHub, Twitter, Foursquare, Lyft, and Fab.

It's expected that the new fund would have about $1 billion for the general fund, and $500 million for a "parallel" fund. The fund, Fortune's sources say, is already oversubscribed.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Back in 2012, A16Z raised a $1.5 billion fund, which included a $900 million fund for early-stage investments, and a $600 million "parallel" fund for bigger opportunities. The new fund is expected to similar in structure to the one from 2012.