Andreessen Horowitz will pour $7.2 billion into gaming, AI and companies supporting U.S. national interests — but snubbed adding more to its crypto fund.
The venture firm is putting $600 million of its billions into a new gaming fund — which includes Web3, GameFi and AI-integrated gaming projects.
The firm’s “Growth” venture strategy — a bundle of funds backing a range of early-stage startups — will receive the largest chunk of the raise at $3.75 billion. Its"Infrastructure" and"Apps" will respectively receive $1.25 billion and $1 billion, a16z The remaining $1.2 billion will be evenly split between “Games,” its gaming-focused funds, and its new “American Dynamism” fund — which invests in founders and companies supporting United States national interests in aerospace, defense, safety, education and manufacturing.will be used to create a second game-focused fund, according to Andrew Chen, a general partner at a16z, who oversees its Games Fund One.
Each focus fund will have its own experts to maximize the likelihood of each fund’s success, a16z co-founder Ben Horowitz said in the April 16 statement.
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