Andreessen Horowitz Announces Yet Another Growth Fund of $200M

I guess $1 billion under management just wasn't enough. Andreessen Horowitz has just announced a new growth fund of $200 million. The fund with co-invest alongside the firm's most recent $650 million fund , providing more capital for the kinds of late stage deals that have been raging in the Valley of late. (Check out our three part series on the trend here , here and here .) That "co-invest" part is makes this announcement very different from other firms' late stage funds, says general partner John O'Farrell. "This is not Fund III, this is a completely discretionary fund that gives us more firepower to invest in great high quality high growth companies, along with Fund II, but there is no obligation to do so," he says. In other words, the firm may invest all of the $200 million, none of it or somewhere in between. At the end of Fund II, it goes away if there's anything left.