Andreessen Horowitz’s doubles down on blockchain establishing first international office in London
Summary
Andreessen Horowitz (a16z) announced today that it will open its first international office in London, and that it is planning the next Crypto Startup School accelerator program to take place in the UK in Spring 2024. a16z’s U.K. office will allow it to work closely with universities throughout the UK to help provide talent and support to develop blockchain clubs and encourage blockchain-related curriculum. The most recent CSS program attracted more than 8,000 applicants with the final 26 companies chosen receiving investments from a16z, mentorship from industry experts, as well as the opportunity to participate in a Demo Day that reaches investors at the end of the course. Chris Dixon, a16z crypto Founder and Managing Partner, says: “The UK has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture. Following a productive dialogue with the Prime Minister, and months of constructive conversations with HM Treasury, UK policymakers, and the Financial Conduct Authority, we’re thrilled to open our first international office in a jurisdiction that welcomes blockchain technology and is committed to creating a predictable business environment by pursuing regulations that both embrace web3 and protect consumers. That’s why I am thrilled world-leading investor, Andreessen Horowitz, has decided to open their first international office in the UK – which is testament to our world-class universities and talent and our strong competitive business environment.” a16z also announces its newest investment in UK-based Gensyn.