Lightspeed is close to hiring a new London-based partner to put down further roots in Europe – TechCrunch

Lightplayed Venture Partners, a well-known Silicon Valley venture capital firm that has backed the likes of DoubleClick and Snapchat, is in the midst of hiring a second London-based investment partner as it links ties ahead of Europe For, TechChunch has learned. .

According to several sources, Paul Murphy, whose investments include Tier, Hoppin, Klang and Bunch, is being kept away from the Northzone, the European VC firm best known for being Spotify’s early backer. The signature is still ongoing but may be announced within the next few weeks. Murphy has been in the Northzone for three years and was promoted to general partner at the firm in late 2019 New $ 500 million fund raised At the end of 2019.

I have reached out to Murphy and Lightspeed for comment and will update this article if I hear back.

Prior to VC, Murphy co-founded mobile games company Dots in New York. He also built and invested in various companies at startup studio BetWorks. (Specifically, Murphy helped launch Giphy in the US, which Lightspeed ended support and was later sold to Facebook for $ 400 million). Prior to this, he played several roles at Microsoft in the US, UK and India. He did a BS in computer engineering from Virginia Tech and an MBA from The IE Business School in Spain, according to the Northzone website.

Meanwhile, the fact that Lightspeed is formally putting more people on the ground in Europe should be no surprise to those close to the ecosystem here. According to LinkedIn, TechCrunch first heard rumors that a VC based in Menlo Park was recruiting a partner in London in August 2019. Ratis Vitcoccus joined the US as his first partner in London the following September. Should Murphy’s recruitment be confirmed, it would signal a significant expansion of a lighted London “office” and confirm that VC is doubling in the area.

In late 2019, rumors circulated that Sequoia, another Silicon Valley VC heavyweight, was doing the same with other US VC firms – as European tech companies are creating more value than ever before. Sequoia’s own plans The announcement was finally made in November, including that it had pushed Louisiana Lixandrew away from rival Excel Partners.