a16z Brings Growth Fund to $8.5B Days After Launching New $1.1B Fund
Andreessen Horowitz has expanded its fifth growth fund to $8.5 billion. The firm added $1.75 billion since the fund launched in January with $6.75 billion.
2026-09-08
Monitor a16z’s expanded growth fund as it targets startups scaling products, geographies, and operations.
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a16z Expands Its Fifth Growth Fund
New Fund Targets AI Hardware Startups
The announcement came days after a16z raised $1.1 billion for its separate Machine Age Fund . The fund focuses on AI hardware startups developing chips, memory, networking, and storage.
Capital Supports Companies Scaling Quickly
The growth fund backs growth-stage startups that are ramping up products, expanding into new geographies, and scaling operations. Over seven years, it has invested in more than 100 companies, according to David George, the general partner leading a16z’s growth investment team.
Investment Strategy Spans Multiple Technologies
Companies are reaching the growth stage faster and requiring more capital at higher valuations in the AI era. The new funds target enterprise and consumer AI, defense technology, robotics, infrastructure hardware and software, and health technology, following $15 billion in new funding announced in January when a16z reported $90 billion in assets under management .