Key Points:
- Andreessen Horowitz is closing its London office just two years after opening, signalling a reduced commitment to the UK’s crypto sector.
- The firm’s shift aligns with a more crypto-friendly stance under the Trump administration.
Andreessen Horowitz (a16z), the Silicon Valley venture capital giant known for its substantial web3 investments, is closing its London office less than two years after its high-profile opening.
Read more: President Donald Trump Signs Executive Order Banning Central Bank Digital Currencies in the U.S.
Andreessen Horowitz Closes London Office After Two Years
The office, established in 2023, marked the firm’s first international expansion and was initially seen as a major endorsement of the UK’s crypto ecosystem.
Sources close to the matter said that a16z would reduce its footprint in the UK. The move has been prompted by deeper strategic recalibrations stirred by recent events affecting the U.S. crypto landscape.
U.S. President Donald Trump signed an executive order, effective January 23, to promote digital assets and pursue the creation of a national digital asset reserve.
Sriram Krishnan Leaves as a16z Shifts Focus to the U.S. Market
Sriram Krishnan, tapped to lead a16z’s UK outpost, left the firm last year and took on a role in the Trump administration, while co-founders Marc Andreessen and Ben Horowitz have become close advisors to Trump on all matters tech.
This is a far cry from the fanfare attendant on its opening when the then-UK Prime Minister Rishi Sunak hailed a16z as a testament to both world-class talent and a competitive business environment in the country. Andreessen Horowitz had pledged significant resources to the UK, including investments in British crypto firms such as Arweave, Aztec, and Improbable.
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