Venture capital firm Andreessen Horowitz has expanded its fifth growth fund to $8.5 billion. That means the firm added another $1.75 billion since the fund launched in January with $6.75 billion. The firm’s announcement comes just days after a16z announced it had raised a fresh $1.1 billion for a new and different fund that it’s
Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm’s aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.” The fund will focus on hardware, bucking the firm’s typical focus on the scaling power of software. In a post on the venture
Ventures Platform has raised an oversubscribed $84 million second fund as the Pan-African venture firm expands beyond its home market of Nigeria with a strategy shaped by a tougher, more selective venture market. The firm plans to back early-stage founders across a range of sectors, including fintech, healthcare, SaaS, and other areas “where technology can
Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle. The fintech-focused firm’s general partners, Marcos Fernandez and Drew Glover, told TechCrunch that the decision to combine the businesses was to help founders, whether
The Blumstein research group’s unconventional OnlyFans account is helping to support marmot research. Credit: Laura Green, Jakub Porzycki/NurPhoto via Getty As an evolutionary ecologist at the University of California, Los Angeles (UCLA), Daniel Blumstein never expected to open an OnlyFans account to earn money. But in June, Blumstein and his team — which conducts long-term
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month. The company, led by twentysomething OpenAI alum Leopold Aschenbrenner, went all-in on a variety of AI investments and, for a period, enjoyed phenomenal growth. Then, at the end of July, a downturn in AI stocks erased
