$18 billion under management
Andreessen Horowitz, also called a16z, is a venture capital firm that was founded in 2009 by Marc Andreessen and Ben Horowitz. The company headquarter is in Menlo Park, California. In 2019 it was claimed that the company opened a new office in San Francisco. Before establishing their own firm, two men invested $80 million in various tech companies, including Twitter. Due to this fact, Marc Andreessen and Ben Horowitz were called super angel investors.
In the beginning, the company capitalization was $300 million. In a year the sum increased almost twice, second venture funds raised $650 million. The two following funds brought in a total of $1.2 billion. Andreessen Horowitz firm invests in companies on the stages from seed to late-stage technology in such industries as an enterprise, consumer, healthcare, crypto, etc. The assets of $18.8 billion are spread among different funds, particularly, Bio Funds – $1.4 billion, Crypto – $3.1 billion.
The first company investment, in 2009, was in Apptio, a company that provides its clients with business management software. The second one, in the same year, was made on Skype. Despite the fact that the investment seemed risky, the Skype sale in 2011 proved the success. As of 2010, the firm invested in Okta, a cloud software company, then in Twitter, which made Andreessen and Horowitz the first venture capital firm that held stock in four of the highest-valued media companies (Facebook, Twitter, Groupon, Zynga).
During 2012 Andreessen Horowitz made investments in more than 150 companies. One of them was GitHub, which got $100 million from the venture capital firm, and then was acquired by Microsoft for $7.5 billion. In 2014-2015, Andreessen Horowitz invested in 10 companies such as Optimizely, Tanium, Honor, Inc., Nootrobox, and others. One of the recent investments, in 2021, was in Clubhouse – audio chat, social network. After it, in April – in banking and fintech company Current. And in July 2021 – in OpenSea.