a16z’s hunt for the next European unicorn

Dollar shaped paper airplane flying up
paper plane made from a ten dollar bill | Image Credits:Getty Images

Gabriel Vasquez, a partner at Andreessen Horowitz, recently revealed he took nine flights from NYC to Stockholm in one year. That wasn’t just to visit Lovable, a portfolio company, but also to look for other future Swedish unicorns before they cross the Atlantic.

This all came to light when news emerged that a16z had led a $2.3 million pre-seed round into Dentio, a Swedish startup that uses AI to help dentists’ practices with admin work. While this is a small check for a firm that just announced new funds totaling $15 billion, it confirms that U.S. VCs are actively seeking deal flow outside of the U.S., even without local offices.

Stockholm is a natural stop for a16z, which…

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