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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.

209 Power Law outcomes Power Law Ranking #5 · Global · 209 Power Law outcomes · Active 2026
Unicorns ↑ 63% 5y
197
Decacorns ↑ 50% 5y
33
Thoroughbreds ↑ 159% 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
IPO · 2013
Now $45.0B
$45.0B IPO · 2021
Entered Series B+Now $33.1B
$32.0B acquisition · 2025
Entered Series B+
$29.3B acquisition · 2026
Entered Series A
$23.9B IPO · 2021
Entered Series B+Now $28.4B
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
$3.3B IPO · 2025
Entered Series B+Now $4.5B
02 · Estimated holdings

a16z’s selected top 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 →

+27 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 209 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. USA191
  2. UK5
  3. Canada3
  4. Denmark1
  5. Colombia1
  6. Singapore1
  7. Decentralised1
  8. France1
  9. Hong Kong1
  10. Brazil1
  11. Germany1
  12. India1
By sectorCount
  1. Fintech43
  2. AI33
  3. Other B2B Software28
  4. Cybersecurity17
  5. eCommerce & Marketplaces15
  6. Health Tech & Medtech15
  7. Biotech & Life Sciences12
  8. Marketing11
  9. Other10
  10. Transportation8
  11. Space5
  12. Energy4
By stage enteredCount
  1. Series B+92
  2. Series A74
  3. Seed37
04 · Portfolio market map

a16z's 209 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
209 of 209 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.

757 founders across the 209 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 States379
India39
Germany30
Canada29
Israel21
China18
Poland12
Colombia11
Turkey11
Pakistan11
+35 more →
UniversityCount
Stanford University66
Massachusetts Institute of Technology31
Berkeley26
Harvard University26
Cornell University18
Carnegie Mellon University13
Stanford University Graduate School of Business13
University of Toronto11
University of Waterloo11
University of Cambridge11
+208 more →
Origin companyCount
Alphabet | Google79
Microsoft51
Meta31
Amazon20
Apple15
Yahoo!15
Palantir13
OpenAI11
Google DeepMind11
X.8
+183 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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