The Latest Breaking News from Andreessen Horowitz

It may not exactly be the venture exit of, say, investor Andreessen Horowitz’s dreams. But keep in mind that BeReal’s peak valuation in 2022 was $600 million, which makes this…a pretty good outcome.

More than half of the money spread across five funds is dedicated to a "growth" strategy for late-stage startups, possibly bringing new life to a moribund trend of young companies being bought or going public with offerings of stock.

Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.

Paradigm, which invested $278 million into the collapsed FTX, is reportedly in talks to raise up to $850 million for a new crypto fund that could further propel the web3 ecosystem forward.