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Scoop: Andreesen Horowitz bags $7.2 billion

Photo Illustration: Eniola Odetunde/Axios. Photos: Kimberly White (Stringer), Brad Barket (Stringer)/Getty ImagesOn Friday, Andreessen Horowitz closed $7.2 billion for its newest set of funds, Axios has learned. Why it matters: Even in a muted fundraising environment, legacy firms can beat their own fundraising goals (a16z's marketing had cited a $6.9 billion target). Zoom in: As Axios previously reported, the firm created a masterfund vehicle, though limited partners are not required to invest ...

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