A16Z has risky scouts scattered across Europe

Despite the news that Andreessen Horowitz Close your office in London for cryptocurrenciesVC Giant has dozens of scouts across Europe looking for startups at an early stage, reports SiftedS Some scouts are said to work in companies such as PoolSide and 11x, the last of which has just lifted Serie B of $ 50 million Led by the company.

Although many A16z scouts are based in the US, European scouts can be found in countries such as Sweden, France, Germany, Estonia, the United Kingdom and Amsterdam. Some of them Turn on a lamb pipA partner at Sweet Capital and Guillaume Roux-Romestaing, who runs a partnership in 11x, according to Sifted.

These scouts tend to make up to eight deals a year and write checks from $ 10,000 to $ 25,000, they told Sifted. However, there are rules. For example, they are obviously not allowed to invest directly in NFT.

A16Z did not immediately answer a request for comment.