TLDR:
- Balderton Capital raises $1.3bn for European tech investments through two new funds.
- The firm aims to support ambitious tech entrepreneurs across Europe and has a strong track record in the industry.
London-based venture capital firm Balderton Capital has raised $1.3 billion for two new funds to support innovative tech entrepreneurs in Europe. The funds include a $615 million Early Stage Fund IX and a $685 million Growth Fund II, marking the first time Balderton has raised funds for both early and growth-stage companies simultaneously.
Bernard Liautaud, managing partner at Balderton, emphasized the firm’s dedication to backing European businesses, stating that many world-changing companies will be built in Europe. The funds attracted a diverse group of global investors, including British Patient Capital and the City and County of San Francisco Employees’ Retirement System, reflecting Europe’s growing prominence as a tech hub.
Balderton’s portfolio includes investments in over 275 technology companies, including successful exits like cybersecurity provider Darktrace and social shopping app Depop. The firm also provides comprehensive support to founders through its platform team, industry veterans, and a community of technology executives.
With a team of 65 across Europe, Balderton is well-positioned to continue partnering with top entrepreneurs and building world-changing companies in the region’s tech ecosystem. The firm’s new funds and strong track record highlight its commitment to driving innovation and growth in the European tech industry.
