The problem is that no European VC has that amount of capital. European VCs typically have a couple of hundred million under mgmt. SV VCs have a few billion under mgmt.
Index Ventures has the money. But the truth of the matter is that even most US VCs aren't willing to shell out 2B valuations for a company with no revenue.
It may feel that there are few EU startups and that's true.
But there are even fewer EU VCs.
Was CTO for some European startups. I'll always remember one when by the time the EU VC was mid-way through its due dilligence for 500k seed, we already had some millions lined up from some US VCs no questions asked.
There were european VCs investing in the very first round, french one in particular. Founders are french. This qualifies as european in my book (let’s not get too demanding)