a16z Raises Fifth Growth Fund to 8.5 Billion

Tech Funding News states that Andreessen Horowitz increased its fifth Growth fund to 8.5 billion. The report notes the firm backed companies including Databricks, OpenAI and SpaceX. It adds that the latest close came three days after a16z closed a separate 1.1 billion fund. The article says the Growth fund grew by 1.75 billion since January. All details come from the single Tech Funding News post and linked article.