Andreessen Horowitz lifts growth fund to $8.5 B after debuting $1.1 B Machine Age fund

Andreessen Horowitz disclosed that its fifth growth fund has been expanded to $8.5 billion, reflecting an additional $1.75 billion raised since the fund opened in January with $6.75 billion. The timing coincides with the firm's recent launch of a $1.1 billion Machine Age Fund, which is aimed at AI-hardware companies developing chips, memory, networking and storage solutions. David George, a general partner who leads the growth investment team, noted that the growth fund has invested in more than 100 companies over seven years.

The enlarged capital pool will be deployed across enterprise and consumer AI, defense technology, robotics, infrastructure hardware and software, and health-tech, essentially covering the entire technology stack. In the current election cycle, the firm also intends to allocate substantial resources toward political contributions and lobbying efforts. These moves build on the $15 billion of new capital the firm announced in January, bringing its assets under management to $90 billion.