Andreessen Horowitz DC Office Expands Presence in Washington D.C.

Andreessen Horowitz's DC office is expanding its presence in Washington D.C. The firm is doubling down on its investment in the nation's capital.

The expansion is a significant move, as it demonstrates the firm's commitment to supporting startups and entrepreneurs in the D.C. area.

The DC office will now have a larger team, with more resources to devote to its portfolio companies.

Andreessen Horowitz, a Menlo Park, California-based firm, is expanding its activity in D.C. with a new office downtown.

The new office will be located two blocks from the White House, at 800 17th St. NW, known as the PNC Bank Building, and will sublease 12K SF from FedEx Corp.

Andreessen Horowitz has $42B in assets under management and has invested in some of the largest tech companies in the world, like Airbnb, Facebook, and Instacart.

The firm has offices in Miami, New York, San Francisco, and London.

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Tech firms accounted for 4% of leasing activity last quarter, and the tech sector hasn't historically been one of the largest occupiers of D.C. office space.

The section of downtown where Andreessen Horowitz is planting its footprint is being eyed by the city as a new science, policy, and tech-focused hub.

The Downtown Action Plan, released in February, envisions a "robust network of startups and technology companies" for the Penn West neighborhood northwest of the White House.

Andreessen Horowitz has been increasingly focused on tech firms that serve the federal government and Department of Defense.

Andreessen Horowitz has a presence in Washington D.C., which includes lobbying the U.S. government.

The firm has engaged in lobbying activity, and summaries of this activity are available to LegiStorm Pro users.

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