Andreessen Horowitz to Close London Office, Shift Focus to US Crypto Market Post-Trump's Executive Order

Jan 24, 2025, 03:55 PM

Andreessen Horowitz, a Silicon Valley venture capital firm with $43bn in committed capital, is set to scale back its crypto investments in the UK and refocus on the US market following Donald Trump's election. The firm, which opened its first office outside the US in London in 2023, plans to close this office as it shifts its focus to capitalize on the US crypto industry's growth under the new administration. This decision comes amid Trump's executive order aimed at promoting cryptocurrencies in the US, which has led to a surge in token prices like bitcoin. The firm's founders, Marc Andreessen and Ben Horowitz, have become supporters of Trump and have been advising him on tech policy. Sriram Krishnan, who was initially leading the UK effort, has stepped away to join the Trump administration. Andreessen Horowitz had previously invested in several UK-based crypto companies including Arweave, Aztec, and Improbable.