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European LPs are negotiating follow-on investment rights with VCs to double-down on winning startups

Tasmin LockwoodbyTasmin Lockwood
May 14, 2026
4 minute read
Sunfire's containerised unit
Sunfire is one of a few startups that Lightrock has facilitated LP co-investment into. Credit: Sunfire
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As the European startup ecosystem matures, its limited partners, known as LPs, are looking for a bigger stake in winning companies. Co-investment rights are common practice in the US. Greater LP participation could push up valuations for buzzy start...

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