Despite the recent closure of its London crypto-focused office, Andreessen Horowitz (a16z) has maintained a strong presence in Europe, with dozens of scouts actively searching for early-stage startups across the continent. According to a report by Sifted, these scouts are operating in various countries, including Sweden, France, Germany, Estonia, the UK, and Amsterdam.

The scouts, who are responsible for identifying and investing in promising startups, are not limited to a specific region. While many are based in the US, a significant number are spread across Europe, with some notable examples including Pippa Lamb, a partner at Sweet Capital, and Guillaume Roux-Romestaing, who leads a partnership at 11x.

These scouts are reportedly responsible for conducting up to eight deals per year, with investment checks ranging from $10,000 to $25,000. However, there are certain rules in place, such as a prohibition on investing directly in NFTs.

The presence of these scouts in Europe is a testament to a16z's continued commitment to the region, despite the closure of its London office. The VC giant's ability to maintain a strong network of scouts and partners across Europe will likely enable it to stay ahead of the curve in terms of identifying and supporting innovative startups.

Notably, a16z did not respond to a request for comment on the matter, leaving some questions unanswered about the firm's long-term strategy in Europe. However, the presence of these scouts suggests that the VC giant remains committed to the region and is poised to continue playing a significant role in the European startup ecosystem.

The implications of a16z's continued presence in Europe are far-reaching. With the VC giant's scouts actively searching for early-stage startups, this could lead to increased investment and growth opportunities for European startups. Additionally, a16z's commitment to the region may inspire other VC firms to follow suit, potentially leading to a surge in investment and innovation across Europe.

In conclusion, despite the closure of its London office, Andreessen Horowitz's maintenance of a strong network of scouts across Europe demonstrates the firm's ongoing commitment to the region. As the European startup ecosystem continues to evolve, a16z's presence is likely to play a significant role in shaping the future of innovation and entrepreneurship in the region.