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January 31, 2012 08:25 pm GMT
Last week, we heard from Evelyn Rusli at the New York Times that venture firm Andreessen Horowitz was in the process of raising $1.5 billion for the venture firm. Today, partner Ben Horowitz has confirmed that the fund has closed, bringing Andreessen Horowitz's total funding under management to $2.7 billion.The firm says that the $1.5 billion was raised for its Fund III. a16zs Fund III is all about extending our capabilities to more disruptors and pioneers, said Horowitz in a release. Were remaking the modern venture capital firm, and entrepreneurs are responding to our unique approach.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XGZ2v3_23os/
Andreessen Horowitz Closes $1.5 Billion New Fund
Last week, we heard from Evelyn Rusli at the New York Times that venture firm Andreessen Horowitz was in the process of raising $1.5 billion for the venture firm. Today, partner Ben Horowitz has confirmed that the fund has closed, bringing Andreessen Horowitz's total funding under management to $2.7 billion.The firm says that the $1.5 billion was raised for its Fund III. a16zs Fund III is all about extending our capabilities to more disruptors and pioneers, said Horowitz in a release. Were remaking the modern venture capital firm, and entrepreneurs are responding to our unique approach.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XGZ2v3_23os/
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