Tech venture capital titan Andreessen Horowitz raises $7.2 bn

Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.

More than half of the money spread across five funds is dedicated to a “growth” strategy for late-stage startups, possibly bringing new life to a moribund trend of young companies being bought or going public with offerings of stock.