The documents show that the United Kingdom has attracted A16Z for a period of five years

UK documents show that the UK Ministry of Business and Trade spent five years to persuade Andrink Horwat to create a presence in London, only for the American company to leave 18 months after launching an office, According to government documents obtained by Sifted.

In 2023, the A16Z Checkle office in London launched, considering the encryption environment in the United States under Biden’s leadership at the time as unclean and UK more flexible to work with it. But the progress of encryption has been slow in the UK and now the new Labor Party government seems less focused on it. This, along with enthusiasm from the Trump administration, contributed to the departure of the country A16z.

This piece has been updated.