Venture capital firm Andreessen Horowitz (a16z) is scaling back its operations in the UK, shifting its focus to the US crypto market.
Andreessen Horowitz had initially opened its first office outside the US in London in 2023. However, sources familiar with the firm’s strategy said a16z is now refocusing resources on the US, where crypto-friendly policies under President Donald Trump are gaining momentum.
On January 24, Anthony Albanese, COO of a16z's crypto arm, announced the decision in a post on X. The move comes in response to the growing support for digital assets under Trump’s administration.
The shift aligns with Trump’s recent executive order promoting digital assets and establishing a national crypto stockpile. The order, signed on January 23, further reinforces the administration’s commitment to supporting the sector.
Sriram Krishnan, who was appointed to lead a16z's UK operations, stepped away from the role last year and recently joined the Trump administration. Both of a16z's co-founders, Marc Andreessen and Ben Horowitz, have publicly supported Trump and advised him on tech policy. Andreessen Horowitz has also contributed substantial funds to pro-crypto political action committees.