Despite the news that Andreessen Horowitz (A16Z) has closed an office focusing on the London cipher, the VC giant has been searching for an early stage and reported that he has dozens of scouts in Europe. Masu. Some scouts are said to be working in a pool side or 11 times the company, but the latter has raised the $ 50 million series B led by the company.
Many A16Z scouts are based in the United States, but scouts in Europe can be found in countries such as Sweden, France, Germany, Estonia, UK, and Amsterdam. Pippa Lamb, a partner of Sweet Capital, and GUILLAUME ROUX-ROMESTAING, which leads partnership at 11x, according to SIFTED.
They told Sifted that these scouts tend to make up to eight transactions a year and write a check of $ 10,000 to $ 25,000. However, there are rules. For example, they are clearly not allowed to invest directly in NFT.
Andreessen Horowitz did not respond immediately to the comment request.