a16z Targets $10 Billion for New Funds, Prioritizing AI and Defense

Venture capital giant Andreessen Horowitz (a16z) is reportedly seeking to raise approximately $10 billion for a series of new funds, marking its largest fundraising effort to date. The substantial capital infusion, announced around October 30, 2025, is primarily aimed at bolstering investments in artificial intelligence (AI), defense technology, and growth-stage companies. This move underscores a16z's strategic shift to focus on rapidly evolving technological sectors.

According to reports, the firm plans to allocate $6 billion to its growth fund for more mature startups, nearly doubling the size of its previous fund. An additional $1.5 billion each is earmarked for dedicated AI applications and AI infrastructure funds, reflecting the firm's strong belief in the sector's transformative potential. Over $1 billion will also be directed towards its "American Dynamism" initiative, which supports startups in defense, manufacturing, and national resilience.

This significant fundraising round follows a period of intense deal-making for a16z, which has participated in high-profile investments in companies like OpenAI and xAI. The firm, founded in 2009 by Marc Andreessen and Ben Horowitz, manages over $46 billion in committed capital and has grown into a powerful force in Silicon Valley. The new funds will support both new ventures and provide follow-on funding for existing portfolio companies, ensuring continued support for capital-intensive projects.

The announcement comes as the venture capital landscape sees increased interest in AI and strategic technologies. While a16z has historically been a major investor in cryptocurrency, this new fundraise notably de-emphasizes dedicated crypto allocations, despite the firm's optimistic "State of Crypto 2025" report published concurrently. This strategic realignment highlights a broader industry trend towards AI and defense as key areas for future growth and innovation.