London VC firm Balderton Capital snaps up Uber executive

Lars Fjeldsoe-Nielson, Uber's former vice president of mobile, has joined as investment partner and will help "uncover Europe's best founders"

Balderton Capital, one of Europe’s largest early-stage venture capital funds, has announced that former Uber and Dropbox executive Lars Fjeldsoe-Nielson has become its sixth investment partner as it seeks to “uncover, back and support the very best founders in the region.”

Marking the second investor to join the London-based firm from Silicon Valley, Fjeldsoe-Nielson was previously vice president of mobile at taxi app Uber and head of mobile at file sharing platform Dropbox. He also served as an advisor to Whatsapp before it was acquired by Facebook for $19bn.

The entrepreneur will no doubt capitalise on his background in the mobile industry to identify the next big players in Europe, with Balderton Capital having already invested in several burgeoning mobile start-ups such as Citymapper and Carwow.

Launched in 2000 by Benchmark Capital, Balderton has backed over 100 businesses to date with investment rounds ranging from $100,000 to $20m. It has had number of exits and IPO’s; including Realtime Technology and Yoox Group.

Fjeldsoe-Nielsen commented: “I’m thrilled to join the Balderton team, and to bring the passion I have for technology to the innovative and burgeoning European tech industry.

“I couldn’t be more excited to move back from Silicon Valley to Europe. I believe mobile technology has changed the entrepreneurial ecosystem and levels of aspiration in Europe, which will lead to an explosion of successful European startups playing on a global scale.”

Find out more about Balderton Capital and what it looks for in investee companies in our investor directory.

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