Venture capital firm Andreessen Horowitz is seeking to raise about US$20 billion in what will be the largest fund in its history, to capitalise on global investors’ interest in backing US artificial intelligence companies, sources told Reuters.
The tech investment firm, known informally as a16z, has told limited partners that the fund will be dedicated to growth-stage investments in AI companies and draw upon global investors keen on investing in American companies, the sources said. The record fundraising and the goal of capitalising on foreign investment interest in the US tech industry come against the backdrop of a sweeping tariff plan by President Donald Trump to urge companies to manufacture goods in the US
To raise such a large amount of capital, a16z has been pitching it around the world. International LPs see the fund as a way to invest their money more easily into American AI companies without restrictions, one of the sources said.
Andreessen Horowitz did not reply to requests for comment.
A16z’s founders, venture capitalists Marc Andreessen and Ben Horowitz, announced last year they would support Trump, breaking with their traditional support for Democratic candidates, a sentiment shared by other prominent Silicon Valley figures such as Elon Musk. Even by the standards of a firm known for raising some of Silicon Valley’s largest investment vehicles, the new fund would represent a colossal step up in scale.
