Rumor: a16z is reportedly raising $3.4 billion for its core fund, with plans to launch by the end of the year.
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a16z to Raise $3.4 Billion for Core Fund
According to Axios, the well-known venture capital firm a16z is expected to raise $3.4 billion in the initial stages of its next core seed fund, which is slightly higher than the total amount previously understood by Axios.
Increase in AI Allocation, Total Amount Decreased
Axios points out that investments in the field of AI have increased in the core fund, but the overall funding amount has slightly decreased compared to the past.
The fundraising is expected to kick off around the end of this year and conclude in the first half of 2024.
a16z declined to comment on Axios' report.