a16z Shuts Down its London Office and Exits the UK

Venture capital firm a16z has decided to close its London office and exit the UK market. This decision is largely influenced by the pro-crypto regulatory actions being established under Donald Trump’s administration. The firm, which entered the UK market in 2023, initially set up its first office outside the US due to regulatory pressures and crackdowns on crypto under the previous administration. However, a16z has now informed local entrepreneurs and policymakers that it will no longer dedicate significant resources to the region. Sriram Krishnan, the partner initially appointed to lead the UK initiative, left his role in London last year and recently joined the Trump administration. Additionally, the firm’s founders, Marc Andreessen and Ben Horowitz, have aligned themselves with Trump, offering advice on crypto-related policies.