Andreessen Horowitz Closes New Seed Fund
Gunderson Dettmer represented client Andreessen Horowitz in the closing of its $400 million seed fund. Andreessen Horowitz seeks to provide the best platform for entrepreneurs and the separate seed fund will allow them to continue to focus their offering towards that.
In the announcement of the transaction, Andreessen Horowitz stated, “One of the advantages of seed investing is that we get to dream and learn with you. We cast the widest net when investing in seed companies. While our core focus in the firm is to continue to back the best software companies, at the seed stage we’re quite happy to stray from our traditional comfort areas to learn alongside the top teams undertaking the most ambitious ideas across any area of tech.”
The Gunderson Dettmer deal team was led by Sean Caplice and included Christopher Partin, Sally Yi and Peter Seppi.