Balderton Capital, one of Europe’s largest venture capital investors, has announced the closing of its 5th European fund, raising a further $305 million and bringing its total funds to $2.2 billion to invest in European tech startups. The new fund, which has been raised from existing limited partners and the European Investment Fund, aimt to seize growing opportunities in Europe’s technology sector.
Bernard Liautaud, General Partner at Balderton and founder of Business Objects, commented: “Over the last few years, we have refined our investment focus to double down on European early stage start-ups. Some of our earlier funds have been a mixture of series A and later stage investment. As with our last fund, this one is focused on Series A, where we currently see the greatest opportunities in Europe. Our goal is to be the first venture fund with an international outlook to invest in a company. The team’s strong operational experience gives us the expertise to back founders early and help build companies, which is why we are willing to take the risks and work with entrepreneurs at this earlier stage.”
Balderton has been investing since 2000 (Betfair, Lovefilm, MySQL…), when it was Benchmark Capital Europe, before rebranding in 2007. It has backed some of Europe’s best known tech companies and has had more exits above $250 million than nearly any other European venture investor. In 2013, close to 10,000 businesses reached out to Balderton on the hunt for venture capital.