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November 03, 2010, 11:53 AM EDT
By Greg Bensinger
Nov. 3 (Bloomberg) -- Andreessen Horowitz LLC, the venture capital firm run by Netscape Communications Corp. founder Marc Andreessen, said it raised $650 million for a second fund to invest in startups.
Andreessen Horowitz, co-founded last year by Andreessen and Ben Horowitz, has previously invested in companies such as Skype Technologies SA and Foursquare, which makes software that lets people locate their friends.
The Menlo Park, California-based firm said it plans to invest in similar startups with the new funds it raised. Andreessen, 39, and Horowitz, 44, started out with a $300 million fund last year.
Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.
--Editors: Peter Elstrom, Tom Giles
To contact the reporter on this story: Greg Bensinger in New York at gbensinger1@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
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Nov. 3 (Bloomberg) -- Andreessen Horowitz LLC, the venture capital firm run by Netscape Communications Corp. founder Marc Andreessen, said it raised $650 million for a second fund to invest in startups.
Andreessen Horowitz, co-founded last year by Andreessen and Ben Horowitz, has previously invested in companies such as Skype Technologies SA and Foursquare, which makes software that lets people locate their friends.
The Menlo Park, California-based firm said it plans to invest in similar startups with the new funds it raised. Andreessen, 39, and Horowitz, 44, started out with a $300 million fund last year.
Bloomberg LP, the parent company of Bloomberg News, is an investor in Andreessen Horowitz.
--Editors: Peter Elstrom, Tom Giles
To contact the reporter on this story: Greg Bensinger in New York at gbensinger1@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
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