Venture capital giant Andreessen Horowitz raised $9 billion through three new funds to invest across startups in different sectors, amid a global funding boom as large investors back high-growth tech startups at a record pace.
The firm raised $1.5 billion for a biotech-focused fund, $5 billion for a growth fund meant for scaling startups and $2.5 billion for a venture fund, it said in a blog post on Friday.