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Fortune
Fortune
Leo Schwartz

Andreessen Horowitz announces first international expansion—a U.K. crypto outpost

a16z crypto head Chris Dixon. (Credit: Kimberly White—Getty Images)

For more than a decade, the venture capital firm Andreessen Horowitz has helped propel startups such as Twitter and Coinbase to massive heights from its headquarters in Menlo Park, California.

On Sunday, the company announced its first non-U.S. office, a branch of its a16z crypto fund in London. The move comes amid an increasingly hostile environment toward crypto in the U.S., including a lawsuit on Tuesday by the Securities and Exchange Committee against its one-time portfolio company, Coinbase.

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