NEA poaches Chopin from 83North to be its first Europe-based partner

In his new role, Philip Chopin will focus on consumer, fintech and enterprise software investments.

New Enterprise Associates has named Philip Chopin as its first Europe-based partner. In his new role, Chopin will focus on consumer, fintech and enterprise software investments.

Most recently, Chopin was a partner at 83North, a London-based early-stage and late-stage investor. Chopin joined 83North as a principal in November 2018 and was named a partner in May 2021, according to his LinkedIn profile.

“We are thrilled to welcome Philip to the team, and excited about the role he will play in expanding NEA’s presence in Europe,” Scott Sandell, a managing general partner at NEA, said in a statement. “The tremendous potential of the region’s start-up ecosystem has captured NEA’s attention for many years, and today it commands more of our capital than ever before. As we deepen our commitment to accelerating innovation in this vibrant, rapidly growing market, we look forward to having Philip represent NEA in Europe.”

NEA’s push into Europe comes as the region has emerged as an important venture capital destination. As Venture Capital Journal previously reported, venture funds poured $58.6 billion into European start-ups in the first half of this year, the second-highest level of deployment in a half-year period after the $59.9 billion invested in the first six months of 2021, according to data compiled by Dealroom.co and Silicon Valley Bank UK.

NEA has invested in European-based technology and healthcare companies throughout its 45-year history, but it said has significantly increased its activity over the last decade. Its current European portfolio includes more than three dozen companies across 11 countries with concentrated activity in the UK, Germany, France and Switzerland.

Chopin led or co-led investments in Critizr, Hungry Panda, Keelvar, Paddle and SellerX and worked closely with many other companies, including Exotec, Podimo and Wandelbots. He was previously senior director of international at SSENSE, a global online luxury fashion retailer. Earlier in his career, Chopin worked at the Boston Consulting Group with a primary focus on technology and retail.

New Enterprise Associates, founded in 1977, has nearly $24 billion in cumulative committed capital. The venture firm invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO.