Balderton Capital raises $305m to become Europe’s largest tech start-up investor

Series A venture fund adds to funds worth $2.2bn in total

Tech-focused venture capital firm Balderton Capital today announced it has raised a further $305m for its fifth European venture fund.

The investment, which was led by existing backers as well as new investor the European Investment Fund, brings the total funds under Balderton’s management to around $2.2bn, making it the largest fund in Europe dedicated to technology investing.

Balderton’s fifth fund will focus on backing early-stage technology companies in the UK and continental Europe with Series A investment; the firm says they represent the ‘best opportunities’ for long-term returns.

Its latest fundraising comes shortly after the addition of two high-profile partners to Balderton Capital; former Young Gun and blinkx founder Suranga Chandratillake and Daniel Waterhouse, former European head of M&A at Yahoo! and board member of Spotify, Yplan and EyeEm.

Founded in 2000 as Benchmark Capital Europe, Balderton Capital has invested in a number of successful European technology companies over its lifespan, including Betfair, LOVEFiLM, MySQL and Natural Motion, all of which achieved high-profile exits or public listings following investment.

Bernard Liautaud, general partner at Balderton Capital, said in a statement: 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.”

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