![]() There are so many amazing companies being built right now by incredible founders and everything is primed now,” says Murphy. That shift came as investors stopped viewing Europe as an arbitrage play, with valuations typically lower than American rivals, and saw the potential for British and European startups to become global winners, says Murphy. Investors have plowed over $50 billion into European startups this year alone with the valuation of the continent’s most valuable startup Klarna leaping to $45.6 billion in June from $10 billion in September. The move from the Menlo Park-based VC fund-which has backed Snapchat, Affirm and Epic Games-to put down roots in London comes as funding raising and the valuation of European startups have skyrocketed in the last year. Lightspeed Venture Partners has hired Paul Murphy and Ross Mason to head up its push into Europe as Silicon Valley VCs step up the hunt for deals on the continent. ![]()
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