Andreessen Horowitz Tops Midterms Spending With Over $115 Million, Up From $63 Million in 2024
Updated
Updated · The New York Times · May 13
Andreessen Horowitz Tops Midterms Spending With Over $115 Million, Up From $63 Million in 2024
1 articles · Updated · The New York Times · May 13
$115 million in disclosed federal contributions has made Andreessen Horowitz the biggest known spender of the midterm cycle, ahead of better-known billionaire political donors.
The venture capital firm and its co-founders, Marc Andreessen and Ben Horowitz, sharply increased their giving from roughly $63 million in the 2024 cycle as they push to shape politics and policy.
A key signal came on Nov. 6, 2024, when the firm poured more than $23 million into the cryptocurrency industry's main super PACs the day after Election Day, showing the effort was built for the long term.
That spending underscores an unusual shift in campaign finance: an investment firm, not a traditional political megadonor, is now wielding one of the largest wallets in federal elections.
As tech giants become top political donors, are new laws being written for public good or private profit?
When a single firm spends $115 million, who really writes the rules for future technology like AI?
Record $288 Million Crypto Spend: Andreessen Horowitz’s Unprecedented Influence on the 2026 Midterms and U.S. Democracy
Overview
Andreessen Horowitz (A16z) has become a major force in the 2026 midterm elections by leading a record-breaking surge in political contributions from the cryptocurrency industry. Their aggressive and long-term strategy to influence policy and regulation is clear, with at least $288 million already spent—more than double the $130 million spent in the entire 2024 cycle, which itself reshaped Congress. A16z’s early and substantial investments signal a deep commitment to shaping the political landscape, aiming to secure a deregulatory environment that benefits both cryptocurrency and emerging technologies.