Andrink Horwitz (A16Z), the investment capital giant in Silicon Valley, has announced the closure of its office in London.
According to the Financial Times report on January 24, 2025, the decision comes just two years after the company entered the UK market.
Andrink Horwitz opened its office in London in 2023, which represents her first step outside the United States. However, after less than two years, Andressen Horowitz is declining.
https://twitter.com/aalbnesny/status/1882819560585281883
“We have chosen focus on the United States, given the strong political momentum of the new administration.”
At that time, then the Minister of the Presidency, Rishi Sonak, praised this step, describing it as “a testimony to our universities, our global talents and the environment of our strong competitive works.”
The company has invested in many UK -based encryption projects, including ARWEAVE, Aztec and Improbable, with a focus on London’s position as a major financial and technological center.
Anthony Albaniz, chief operating offices in A16z, wrote, on X, “We are enthusiastic about building and adopting encryption in the UK and encouraged it with recent positive policy advertisements and procedures. However, we chose to focus on the United States given the strong political momentum of the new administration, and thus we will close our office in the United Kingdom. “
“This does not change our confidence in the UK’s increasing role in encryption and Blockchain. We will continue to invest in great entrepreneurs regardless of their location in the world, including the United Kingdom. Albaniz added:
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Moreover, political transformations within the UK added the complexity. One of the UK officials underestimated Andressen Horowitz, saying that “they were never here here”, highlighting doubts about the company’s long -term commitment to its operations in London.
Marc Andrien and Ben Horwitz, the founders of the company, have emerged as Trump’s voice supporters, to advise him on technology policy. The company runs $ 43 billion in committed capital and was one of the most active investors in digital assets and digital assets in the world.
Albaniz confirmed that the company is still committed to investing in innovative entrepreneurs around the world, including those in the United Kingdom. However, its operating concentration will now return to its local market.
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