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Andreessen Horowitz raises $7.2 billion, a sign that tech startup market may be bouncing back
Andreessen Horowitz raised $7.2 billion for investments in growth, artificial intelligence and other areas but hasn't announced new funding for its crypto arm.
Venture capital firm Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. One of Andreessen Horowitz's more notable bets of the past couple years involved WeWork's controversial co-founder Adam Neumann and his new startup called Flow. Andreessen Horowitz said in a blog post at the time that Neumann's efforts to redesign the office experience at WeWork are "often under appreciated" and that the firm loves "seeing repeat-founders build on past successes by growing from lessons learned."
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