Andreessen Horowitz is looking to back more European startups, according to Sifted. The venture capital firm sees opportunity in the region but has decided against reopening a European office anytime soon.

This means the firm will likely continue sourcing and supporting European deals without a permanent local presence. The stance marks a cautious expansion, balancing interest in the region with a commitment to its existing operational structure.

The report does not specify which sectors or countries in Europe might see the most attention, but the broader push reflects growing US investor appetite for European tech.