The Silicon Valley-based investor has poached Antoine Moyroud and Alexander Schmitt to head up investments in France and Germany.
Lightspeed partner Paul Murphy has poached Antoine Moyroud and Alexander Schmitt to head up early-stage investments in France and Germany.Lightspeed Venture Partners has expanded its European team with new hires in Paris and Berlin. The move to hire Antoine Moyroud and Alexander Schmitt marks Lightspeed as one of the first Silicon Valley funds with a full time presence on the European continent.
Their hiring follows the Menlo Park-based investor opening a London base in September 2021, following a string of major American venture capital firms like Sequoia, Coatue, and Iconiq opening offices in London in recent years to capitalize on a boom in investment in British and European startups. VC funds committed $105 billion in the U.K.
Lightspeed’s investment into Europe comes at an uncertain time, with turbulent public markets, inflation and interest rates weighing on startup valuations, combined with a looming energy crisis sparked by the war in Ukraine. “The momentum of the European startup ecosystem will overpower those headwinds and I think it might appear that Europe moves more quickly than the U.S. because for so long there has been that built up demand from companies and founders,” Murphy says.
Moyroud, who is based in Paris, joins Lightspeed from the venture arm of Swedish private equity giant EQT. He previously worked at German transport brand FlixBus, which acquired Greyhound Lines in 2021, and French AI startup Dataiku. Berlin-based Schmitt worked with German seed investors Cherry Ventures on fintech and business to business investments, and ran his own startup Mergerspot, before joining Lightspeed.
Moyroud and Schmitt will join Lightspeed’s other Europe-based investors, including Murphy, Ross Mason, Adrian Radu, and Nicole Quinn, who splits her time between Palo Alto and London. A long-serving member of the Lightspeed team in London,
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