Andreessen Horowitz Raises $15B Across Funds, Capturing 18% of U.S. Venture Capital in 2025

Andreessen Horowitz has raised over $15B in new capital across American Dynamism ($1.176B), Apps ($1.7B), Bio + Health ($700M), Infrastructure ($1.7B), Growth ($6.75B), and other venture funds, accounting for over 18% of U.S. VC allocation in 2025. Ben Horowitz has framed it as AI and crypto policy.

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