Venture Capital Giant NEA Appoints Its First European Partner

New Enterprise Associates, one of the world’s largest venture capital firms, named Philip Chopin as its first Europe-based partner amid a broader expansion into the region.

It’s the latest in a string of prominent US VC firms to push deeper into Europe, and follows Sequoia Capital and Philippe Laffont’s investment firm Coatue Management in hiring local teams. Bloomberg News previously reported on NEA’s possible hiring in March.

NEA has struck previous deals in Europe from its US base, but Chopin said in an interview that “the consensus among the firm is it’s just easier if you have a ...