Andreessen Horowitz announces two new funds totaling $2.75B
Gunderson Dettmer client Andreessen Horowitz has announced its sixth flagship fund of $750 million and its new LSV Fund I of $2 billion. Andreessen Horowitz Fund VI will continue the firm’s traditional focus on early-stage enterprise, consumer and fintech companies while LSV Fund I is a specialized late-stage venture fund.
In the blog post announcing the firm’s first late-stage fund Scott Kupor, the firm’s managing partner, said, “In each era, there are a set of companies executing on unusually big visions for emerging categories, and we want these companies to be supported with a venture mindset that supports long-term vision and greater innovation risks. That’s why for us, growth is about late-stage venture – aimed at great new companies that are just hitting escape velocity, and that may need a more venture-like mindset to support their further company building and scaling.”
The Gunderson Dettmer deal team was led by Sean Caplice and included partners Stig Colberg and Steve Franklin and associates Jason Ford, Christopher Partin and Randwulf Singleton.