VC giant raises new USD7.2b fund, while Israel Innovation Authority also launches new fund to boost high-tech
Venture capital giant Andreessen Horowitz has raised a new USD7.2 billion fund that will focus, among other things, on gaming and artificial intelligence.
The fundraising is not only one of the largest completed by the company but also relatively significant, given the current slowdown in the technology market and general caution on the part of investors. Furthermore, Andreessen Horowitz’s original fundraising goal was USD6.9 billion, so the investment giant exceeded its targets despite the challenging economic climate. Read more in Calcalist.
Meanwhile, the Israel Innovation Authority is to launch a new fund to catalyze USD700 million investment in Israeli VCs, The new initiative will direct USD160 million in state funds to VCs supporting Israeli companies. Read more in Calcalist
