Regardless of information that Andreessen Horowitz closed its London crypto-focused workplace, the VC large has dozens of scouts throughout Europe in search of early-stage startups, reviews Sifted. Some scouts are stated to work at corporations like Poolside and 11x, the latter of which simply raised a $50 million Sequence B led by the agency.
Although a lot of a16z’s scouts are based mostly within the US , the European scouts might be present in international locations resembling Sweden, France, Germany, Estonia, the U.Ok., and Amsterdam. A few of them embrace Pippa Lamb, a accomplice at Candy Capital, and Guillaume Roux-Romestaing, who leads a partnership at 11x, in response to Sifted.
These scouts are likely to do as much as eight offers a yr and write checks from $10k to $25k, they instructed Sifted. There are guidelines, although. For instance, they’re apparently not allowed to take a position immediately in NFTs.
A16z didn’t instantly reply to a request for remark.