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

Lightspeed Venture Partners, the 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 looks to put down further ties to Europe, TechCrunch has learned.
According to multiple sources, Paul Murphy, whose investments include Tier, Hopin, Klang and Bunch, is being hired away from Northzone, the European VC firm that’s probably best known for being an early backer of Spotify. The signing is still in progress but could be announced in the next few weeks. Murphy has been at the Northzone for three years and was promoted to general partner in late 2019 when the firm raised a new $500 million fund in late 2019.
I’ve reached out to Murphy and Lightspeed for comment and will update this article if or when I hear back.
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