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Andreessen Horowitz to Open DC Office
Andreessen Horowitz, Silicon Valley-based venture capital firm, is set to open its first D.C. office, subleasing 12,000 square feet at PNC Place from FedEx Corp, Washington Business Journal reported. This move aligns with the firm’s focus on defense, aerospace, and national security startups. The sublease will last through 2029 and places the firm near the White House. With $42 billion in assets, Andreessen Horowitz has backed tech giants like Airbnb, Coinbase, and Facebook.
The D.C. office supports the firm’s American Dynamism initiative, aimed at investing in sectors vital to national interests. The firm recently closed a $7.2 billion fund, allocating $600 million to this initiative. Andreessen Horowitz has already invested in Arlington-based Cape, a privacy-focused telecommunications startup, leading a $61 million funding round in April. The firm plans to move into the new office later this quarter.
- ◦Development
