Andreessen Horowitz topped up its fifth growth fund to $8.5 billion, adding about $1.75 billion since the vehicle launched in January at $6.75 billion.

The expansion came just days after a16z closed a separate $1.1 billion Machine Age fund dedicated to AI hardware, covering semiconductors, networking, storage, data-center infrastructure and robotics.

The growth fund is a general late-stage vehicle rather than a crypto-specific one. Across its five vintages, a16z's growth strategy now exceeds $24 billion and backs more than 100 companies through their scaling phase.

The back-to-back raises underline how aggressively a16z keeps building dry powder even as parts of the venture market cool, cementing its place among the largest and most active investors across tech and crypto.

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