A16z announced that it has raised a new $600 million games fund as part of a $7.2 billion raise for the venture capital company started by Marc Andressen and Ben Horowitz.
Horowitz said that the $7.2 billion will be spread among the following venture strategies: American dynamism ($600 million), apps ($1 billion), games ($600 million), infrastructure ($1.25 billion), and growth ($3.75 billion). It’s an especially important time for games as the game industry has been in a funk with 20,000 layoffs in the past year and a half.
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