PANews reported on January 24 that according to the Financial Times, Silicon Valley venture capital firm Andreessen Horowitz (a16z) plans to reduce its investment in the UK cryptocurrency industry and refocus on the US market. Previously, the company entered London in 2023 with a high profile and opened its first office outside the United States, aiming to increase investment in the UK crypto sector. However, with Trump's election and promotion of cryptocurrency-friendly policies, Andreessen Horowitz founders Marc Andreessen and Ben Horowitz gradually concentrated their resources on the US market.
According to reports, the company has hinted to British entrepreneurs and policymakers that it will reduce its investment in the UK. Sriram Krishnan, the partner who led the UK project, quit last year and recently joined the Trump administration. Although Andreessen Horowitz is still looking for deals in the UK, most of the related investments are led by the US team.
