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What does Andreessen Horowitz invest in?
Andreessen Horowitz invests most often at Seed and Series A (53% of the rounds on record), in sectors such as AI, American Dynamism and Bio + Health.
Andreessen Horowitz highlights
- 01
323 cheques in the last 12 months
- 02
Mostly Seed and Series A: 53% of its rounds
- 03
Sole investor in 114 rounds, median $8.5M
- 04
50 exits from the portfolio
What they do
Andreessen Horowitz (a16z) is a venture capital firm in Silicon Valley, California, investing in bold founders, innovators, and entrepreneurs building the future through technology.From their own website
- Type
- VC firm
- Cheque size
- Not stated
- Stages
- SeedSeries ASeries BGrowth
- Sectors
- AIAmerican DynamismBio + Health
- Based in
- Menlo Park, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first1,654 appearances
- 2026
262 rounds
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An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration7 named
BHBen HorowitzManaging Member of the GP of the Issuer's GPiFiling they signed
JRJaikumar RamaswamyChief Legal OfficeriForm ADV
MAMarc AndreessenManaging Member of the GP of the Issuer's GPiFiling they signed
MAMichel Attila Del BuonoChief Investment OfficeriForm ADV
PBPhilip Bernard HathawayChief Operating OfficeriForm ADV
RSRobert Scott Thomas WalkerChief Compliance OfficeriForm ADV
SAScott Aaron KuporManaging PartneriForm ADV
We also hold 196 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$109Bassets it manages, 2 advisers combinedOct 2026
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- A16z Capital Management, L.L.C.
- SEC number
- CRD 324429
Funds on its Form ADV
90 private funds, $56B in gross assets · filed Mar 2024
Venture 73Private equity 14Fund of funds 3
- Andreessen Horowitz LSV Fund III, L.P.Venture285 investors$4.7B
- CNK Fund IV, L.P.Private equity230 investors$3.8B
- Andreessen Horowitz Fund III, L.P.Venture103 investors$3.5B
- Andreessen Horowitz LSV Fund I, L.P.Venture170 investors$3.4B
- Andreessen Horowitz Fund IV, L.P.Venture107 investors$3.4B
- Andreessen Horowitz Fund VI, L.P.Venture130 investors$3.1B
- Andreessen Horowitz Fund V, L.P.Venture100 investors$3.1B
- Andreessen Horowitz LSV Fund II, L.P.Venture185 investors$2.8B
- CNK Fund III, L.P.Private equity141 investors$2.6B
- CNK Fund II, L.P.Private equity69 investors$2.6B
And 80 more on the filing.
Who backs their funds
1 LP on record in Andreessen Horowitz's funds
- Committed
- $2.0B
- Funds
- 1
- Vintages
- 2023
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Mar 2026.
California Public Employees' Retirement System (CalPERS)1 fund$2.0B
Fund Vintage Committed Innovation Opportunities 2023 $2.0B
What they claim to have backed
From their own portfolio page (on their website)
0 of 2 we have independently watched raise
Cryptoa16z Build
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Exits from the portfolio
Companies it backed that were later bought or listed50 in all
CoreOSBought by Redhat$250MJan 2018
Urban EnginesBought by GoogleUndisclosedSept 2016
LearnSproutBought by AppleUndisclosedJan 2016
zulilyBought by Liberty Interactive Corporation$2.4BAug 2015
Local MotionBought by ZipcarUndisclosedAug 2015
TindieBought by HackadayUndisclosedAug 2015
Blue BoxBought by IBM (International Business Machines)UndisclosedJun 2015
FabBought by PCH International$15MMar 2015
Red Hot LabsBought by GoogleUndisclosedFeb 2015
CaviarBought by Square$90MAug 2014
PropellerBought by Palantir TechnologiesUndisclosedJul 2014
Concept.ioBought by Apple$30MJul 2014
The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.