暗网吃瓜

Here’s what you need to know today in startup and venture news, updated by the 暗网吃瓜 News staff throughout the day to keep you in the know.

Andreessen Horowitz raised $9B across three funds

raised $9 billion in new funds across venture, growth and its bio fund. The firm raised $2.5 billion for venture fund 8, $1.5 billion for bio fund 4, and $5 billion for its growth fund 3 penned by co-founder . To the question 鈥榳hy $9 billion?鈥� Horowitz cites the firm’s core value: 鈥淲e believe in the future and we bet the firm that way.鈥�

Each of these funds is significantly larger than prior funds. A16z鈥攁s the company is also known鈥攍ast raised its core venture fund 7 at $1.3 billion and its second growth fund of $3.2 billion in November 2020. Earlier that year, in February, it raised its bio fund 3 of $750 million.聽

In 2021, the firm announced a $400 million dedicated seed fund, and its second crypto fund of $2.2 billion.

— Gen茅 Teare

Avataar raises $45M to turn 2D to 3D

Bangalore-based , a developer of technology for merchants to turn 2D images into 3D models and add augmented reality features, raised $45 million in a Series B funding round.

led the financing, joined by . The company’s offerings include tools to visualize large items such as furniture in virtual homes and stores.

— Joanna Glasner

Funding rounds

AN2 Therapeutics closes $80M Series B:聽Menlo Park, California-based , a clinical-stage biopharmaceutical startup focused on developing treatments for rare, chronic and serious infectious diseases, announced raising $80 million in a Series B funding round. led the financing, which also included , , , 听补苍诲 , along with existing investors.

— Joanna Glasner

RoadRunner Recycling lands $70M: Pittsburgh-based raised a $70 million Series D from BeyondNetZero 鈥� climate investing arm. The company鈥檚 platform helps companies improve recycling rates and streamline waste operations to help drive sustainability. Founded in 2014, RoadRunner’s total funding to date is $129.5 million.

鈥� Chris Metinko

Goldfinch picks up $25M:聽, a decentralized finance startup that offers crypto loans without collateral, announced it raised $25 million in a Series A round led by .

— Joanna Glasner

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