The United Kingdom documents show that the United Kingdom Business and Commerce Department spent five years convincing Andreessen Horowitz to create a presence in London, only for the US company to leave 18 after launching an office, According to the government documents obtained by Sifted.
In 2023, A16z launched a cryptography office in London, considering the cryptographic environment in the United States under Biden at that time as a hostile and the most flexible United Kingdom to work. But progress in cryptography was slow in the United Kingdom and now the new Labor Government seems less focused on it. This, combined with the enthusiasm of the Trump administration, contributed to A16z leaving the country, sources told Sifted.
This piece was updated.