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Investor profile

Andreessen Horowitz

Venture capital firm · Founded 2009 · Active in 2026

Andreessen Horowitz was founded in Menlo Park in 2009 by Marc Andreessen and Ben Horowitz. The firm grew from a $300M first fund to one of the largest venture managers in the world, structured around thesis-driven verticals — crypto (a16z crypto), American Dynamism (defence, manufacturing, climate), bio + health, AI infrastructure, fintech, consumer, and games.

a16z is associated with the 'Software Is Eating the World' essay and an aggressive content strategy. Notable bets include Coinbase, GitHub, Databricks, Lyft, and Mistral AI.

221 Power Law outcomes Power Law Ranking #5 · Global · 221 Power Law outcomes · Active 2026
Unicorns ↑ 64% 5y
199
Decacorns ↑ 57% 5y
33
Thoroughbreds ↑ 129% 5y
132
01 · Exits

a16z’s biggest exits.

a16z portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$95.0B IPO · 2020
Entered Series B+Now $69.1B
$73.6B IPO · 2021
Entered Series B+Now $46.0B
$32.0B IPO · 2021
Entered SeedNow $67.5B
$45.0B IPO · 2021
Entered Series B+Now $33.1B
IPO · 2013
Now $45.0B
$32.0B acquisition · 2025
Entered Series B+
$29.3B acquisition · 2026
Entered Series A
$23.9B IPO · 2021
Entered Series B+Now $28.4B
$3.0B IPO · 2022
Now $26.6B
acquisition · 2006
Entered Series B+Now $24.5B
$24.3B IPO · 2019
Entered Series B+Now $4.8B
$15.7B IPO · 2019
Entered SeedNow $23.4B
$18.0B IPO · 2020
Entered Series B+Now $4.7B
$17.6B IPO · 2025
Entered Series B+Now $10.4B
$11.5B IPO · 2021
Entered Series ANow $17.4B
$4.5B IPO · 2021
Entered Series ANow $17.1B
$15.4B IPO · 2021
Entered Series B+Now $10.0B
$1.2B IPO · 2017
Entered Series ANow $14.0B
IPO · 2011
Entered Series B+Now $12.7B
$10.0B IPO · 2019
Entered Series B+Now $10.7B
$9.9B IPO · 2023
Entered Series B+Now $9.0B
$1.5B IPO · 2021
Entered Series ANow $8.4B
$7.5B acquisition · 2018
Entered Series A
$872M IPO · 2016
Entered Series B+Now $4.6B

+28 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 221 a16z Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA200
  2. UK5
  3. Canada3
  4. France2
  5. Japan2
  6. Singapore1
  7. Colombia1
  8. Hong Kong1
  9. Brazil1
  10. Mexico1
  11. Denmark1
  12. India1
By sectorCount
  1. Fintech45
  2. AI35
  3. Other B2B Software30
  4. Cybersecurity18
  5. eCommerce & Marketplaces15
  6. Health Tech & Medtech15
  7. Biotech & Life Sciences14
  8. Marketing10
  9. Other10
  10. Transportation8
  11. Space6
  12. Robotics5
By stage enteredCount
  1. Series B+92
  2. Series A74
  3. Seed38
Estimated holdings

a16z’s biggest current holdings.

An estimate of a16z’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 79 companies where a16z is a named shareholder, worth about $62.7B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 StripeFintech · Centicorn 6.5% $159B $10.3B
  2. 2 AndurilSecurity · Decacorn 9.5% $61.0B $5.8B
  3. 3 OpenAIEnterprise Software · Centicorn 0.5% $852B $4.3B
  4. 4 DeelJobs Recruitment · Decacorn 14% $17.3B $2.4B
  5. 5 OpenSeaFintech · Decacorn 18% $13.3B $2.4B
  6. 6 Devoted HealthHealth · Decacorn 16.7% $12.9B $2.2B
  7. 7 18.5% $11.5B $2.1B
  8. 8 14% $15.0B $2.1B
  9. 9 14.2% $12.7B $1.8B
  10. 10 5% $32.0B $1.6B
  11. 11 16.5% $9.2B $1.5B
  12. 12 15% $9.0B $1.4B

Showing the 12 largest of 79 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = a16z’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. a16z also appears inside investor groups in ElevenLabs, Magic Leap, Mission Lane, SpaceX | xAI, Thinking Machines Lab, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

04 · Portfolio market map

a16z's 221 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
221 of 221 Power Law outcomes
05 · Power Law comparison

How does a16z stack up?

a16z in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where a16z's portfolio founders come from — and where they studied.

743 founders across the 221 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States385
India45
Germany31
Canada28
Israel21
China21
Poland12
France11
Pakistan11
Turkey11
+33 more →
UniversityCount
Stanford University69
Massachusetts Institute of Technology30
Harvard University29
Berkeley25
Cornell University17
Carnegie Mellon University15
Stanford University Graduate School of Business12
University of Waterloo11
University of Toronto11
University of Cambridge11
+202 more →
Origin companyCount
Alphabet | Google84
Microsoft51
Meta32
Yahoo!19
Amazon18
Apple16
Palantir14
Google DeepMind13
OpenAI11
PayPal10
+210 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Andreessen Horowitz

An AI-synthesized read of the highest-engagement posts about a16z on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Andreessen Horowitz

Recent press, funding announcements, and portfolio moves mentioning a16z — pulled live from Dealroom's news feed.

See all news

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