Silicon Valley venture capital firm Andreessen Horowitz is planning to open its first international office in London, citing the welcoming climate for crypto companies created by UK Prime Minister Rishi Sunak’s government and local regulators as conducive to the decision.
The new office — set to open later this year — will be established by the firm’s $7.6 billion cryptocurrency investment arm, a16z crypto, and led by Sriram Krishnan, one of the firm’s general partners, the company, which is based in Menlo Park, California, said.
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