A16Z CLOSES $8.5B FOR FIFTH GROWTH FUND

DEV DESK■ 1 MIN READ

MON, AUG 31, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Andreessen Horowitz has closed additional capital for its fifth growth fund, bringing the total to $8.5 billion. The fund targets companies scaling AI and enterprise software.

The $8.5 billion fund represents a16z's continued focus on growth-stage investments as enterprise adoption of AI accelerates across organizations. According to the firm, companies are deploying AI tools throughout their operations, creating demand for scaling solutions. The growth fund strategy differs from a16z's venture and seed programs, targeting companies at later stages of development. The firm identified enterprise AI as a primary investment thesis, noting that consumer AI applications remain largely nascent beyond ChatGPT's emergence as a search alternative. The closing adds to a16z's broader capital base amid a competitive landscape for growth-stage funding. The firm has been actively deploying capital across software, infrastructure, and AI-related businesses throughout 2023 and 2024.

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► Techmeme

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A16Z CLOSES $8.5B FOR FIFTH GROWTH FUND

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