Alex Lim, a Bay Area-based British-born VC who invested in Hopin, UiPath, Discord and many other unicorns has decided to leave Sand Hill Road behind for Blossom Capital in London. Blossom is quickly making a name for itself both in Europe and internationally, having invested in hits like Tines, Duffel, and Checkout.com.
Lim, IVP’s youngest promotion partner, is leaving after six years to take over as Managing Partner at Blossom. Blossom founder Ophelia Brown will remain a co-managing partner.
Despite being born in the UK, Lim has spent her entire adult life in the US, bringing an interesting mix of British and European culture, combined with knowledge of the West Coast.
“Alex is an exceptional investor and anyone he works with loves him,” said Blossom founder Ophelia Brown. “He builds strong personal connections and is relentlessly committed to the founders, making him a perfect fit for our team at Blossom. He shares our spirit and focus, which is to put the founders at the center of everything we do. Alex brings with him an incredible level of knowledge and experience in starting technology companies, as well as a strong network in the US, from which our companies will greatly benefit. “
Lim began his investment banking career at Credit Suisse and became IVP’s youngest partner in its 41-year history.
He told me: “Last October I was promoted to partner. I was the youngest partner in the history of the firm. I’ve been doing European investments for a couple of years, and that’s how I met Ophelia. “
He told me that Blossom would be heading more towards Serie A by investing in the future: “I think it is the right strategy for Europe. A European Series A fund is kind of a very attractive market in my perspective, and it’s a bit underserved by the venture community. There are great companies out there. The opportunity is very fragmented in the cities. So I think there are a lot of opportunities for our investment style, to hit the road and meet entrepreneurs in person. “
He admitted that “it is a big step to take on a new managing partner. So we are entering a new chapter. “
He added that Europe is now ready for big companies and investors: “There has been a big change in the last 12 months. Some of the results he has seen in recent months have been on a different level than the European experience before, with big start-ups like UIPath and Wise. “
Blossom Capital also appointed Tatiana Chopova, formerly of McKinsey and Company, Insead and ALPInvest, as Operating Partner, and Kim Goddard as Talent Partner, following their talent acquisition roles at NuBank, Atlassian and Funding Circle.