Posted: Tuesday 31 January 2012
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Andreessen Horowitz has closed its third fund at $1.5 billion, raising a total of $2.7 billion in less than three years and marking the firm as one of the biggest venture capital fund raisers in Silicon Valley history.Founded in June, 2009, by Netscape co-founder Marc Andreessen and his colleague Ben Horowitz, Andreessen Horowitz has deployed close to $1.2 billion, investing in Web giants Facebook, Zynga, Twitter and Groupon in addition to a host of young, cloud-based business software companies like Tidemark Systems Inc. and Box.Andreessen talked to VentureWire about the fund, which the firm said was raised in about three weeks.