VC / industry
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Newcomer · United States · a16z closes $15bn Fund VII, the largest VC fundraise in Silicon Valley history
Reports the $15bn haul as crossing a threshold where a16z now manages well over $60bn in AUM, ahead of every traditional VC firm. Notes the raise comes as overall industry fundraising has sagged for smaller and mid-tier firms, widening the gap between mega-fund platform firms and everyone else.
“a16z's $15B raise gives it over $60B in AUM, ahead of every traditional venture firm and at a scale last seen only in private equity.”