One of Silicon Valley's top funds Lightspeed Venture Partners is deal hunting in Europe. 'It's …

Lightspeed’s Rytis Vitkauskas. Lightspeed Ventures This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Silicon Valley’s venture capitalists have made concerted efforts to establish offices in Europe over the last year, in another indication of the continent’s tech maturation. Snapchat backer Lightspeed Venture Partners has set up an office in London, headed by partner Rytis Vitkauskas with support from Nicole Quinn and Bradley Twohig, who are based in the US. Major European tech firms include Takeaway.com, Criteo, Spotify, Adyen, UiPath, and Farfetch. “It’s only in the past few years that Europe as a continent has begun to have big tech companies,” Vitkauskas told Business Insider. Visit Business Insider’s homepage for more stories. There’s another data point to add to the evidence that Europe is maturing as a tech ecosystem: Silicon Valley is moving in.Early Snapchat backer Lightspeed Venture Partners has been beefing up its European operations in 2020 as it looks to snap up the continent’s best talent. Lightspeed is an early-stage venture capital firm headquartered in Menlo Park, California, and with around $4 billion under management. Its 400-strong portfolio includes “Fortnite” creator Epic Games, Calm, and Snapchat.The venture capital firm set up an…
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