Silicon Valley -based venture capital Giant Andreessen Horowitz (A16Z) has announced the closure of the London Office.
According to the Financial Times report on January 24, 2025, this decision will be made just two years after the company gained attention in the British market.
Andreessen Horowitz opened a London office in 2023 and showed the first movement outside the United States. But in less than two years, Andreessen Horowitz has pulled back.
https://twitter.com/aalbaneseny/status/18828195605858183
“We chose to concentrate on the United States, considering the strong policy of the new administration.”
At that time, the Minister of Prime, Lisi Snack, praised the movement and called it as a proof of a world -class university, talent, and a strong competitive business environment.
The company has invested in some of the most likely, Aztec, and unlikely, unlikely, Britain -based encryption projects, emphasizing the status of London's major financial and technology hub.
A16Z's chief operating office Anthony Albanese writes in X:We are excited about the enthusiasm for encryption buildings and recruitment in the UK, and are encouraged by recent positive policy presentations and actions. However, given the strong momentum of the new administration, we plan to close the UK office because we chose to focus on the United States. “
“This does not change our confidence in the role of growing British in ciphers and blockchain. We will continue to invest in great entrepreneurs, anywhere in the world, including the UK. Albanese is ready to support the UK by continuous encryption initiatives.
Search: The British Finance excludes the cipher dyed from the collective investment scheme regulation.
Andreessen Horowitz left the UK: issues in the UK market
Furthermore, political changes in the UK have brought complexity. British officials neglected Andrisen Hollowitz's retreat, emphasizing the company's long -term commitment to London's business in London's business.
MARC Andreessen and Ben Horowitz, a co -founder of the company, have appeared as Trump's vocal supporters and advise on technology policy. The company manages $ 43 billion dedicated capital and is one of the most active investors in blockchain and digital assets around the world.
Albanese emphasized that the company is committed to investing in innovative entrepreneurs around the world, including Britain -based people. However, its operation focus will return to the home market.
Exploration: Britain crack down on large crypto laundry that Russian agents are involved
The Andreessen Horowitz post has closed the London office in a new focus on the US cryptographic market.
