Despite news that Andreessen Horowitz (a16z) closed its London crypto-focused office, the VC giant has dozens of scouts across Europe looking for early-stage startups, reports Sifted. Some scouts are said to work at companies like Poolside and 11x, the latter of which just raised a $50 million Series B led by the firm.
Though many of a16z’s scouts are based in the U.S., the European scouts can be found in countries such as Sweden, France, Germany, Estonia, the U.K., and Amsterdam. Some of them include Pippa Lamb, a partner at Sweet Capital, and Guillaume Roux-Romestaing, who leads a partnership at 11x, according to Sifted.
These scouts tend to do up to eight deals a year and write checks from $10,000 to $25,000, they told Sifted. There are rules, though. For example, they are apparently not allowed to invest directly in NFTs.
Andreessen Horowitz did not immediately respond to a request for comment.
