Andreessen Horowitz (a16z) Plans U.K. Office Amid U.S. Crypto Tensions
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- a16z announces first international office in London amid U.S. crypto tensions.
- The firm invests $43m in UK-based AI and crypto startup, Gensyn.
- The new branch is intended to foster talent through blockchain clubs and educational programs.
VC firm Andreessen Horowitz (a16z) is venturing into the U.K. crypto scene, establishing its first overseas office in London. This move comes amidst rising regulatory tensions in the U.S., leading to the firm eyeing the U.K. as a potentially more hospitable environment for cryptocurrency ventures.
Big news to share: @a16z is expanding to the UK
— cdixon.eth (@cdixon) June 11, 2023
We plan to open our first international office in London later this year, and will host the next Crypto Startup School there in 2024.
Why the UK?https://t.co/PQ7GuNEn77
The new branch will spearhead a16z’s crypto fund operations under the leadership of General Partner Sriram Krishnan. The firm underpins its move with a $43 million investment in Gensyn, a UK-based AI and crypto startup touted as the “Airbnb for GPUs.” This investment follows a series of previous injections into other UK-based crypto ventures such as Arweave, Aztec, and Improbabl…
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