Andreessen Horowitz announced today the closing of a $1.5 billion investment fund.
Fund V, as the VC powerhouse called its latest fund, will be used to invest in “seed, early-stage, and mid-stage-growth tech companies.”
The firm said that it will continue to make investments under the same philosophy it has been using for the past seven years, that “software is eating the world.”
Based on the announcement, the A16 fund will aim to find the next Airbnb and Lyft, but also non-traditional tech innovation:
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