Balderton Capital raises $305m fund to invest in European tech start-ups

Tech investor Balderton Capital has raised a further $305 million to invest in European technology start-ups, bringing its total European investment funds to $2.2 billion and cementing its position as the largest venture capital fund solely focused on European technology businesses.

The Mayfair-headquartered firm, one of the leading venture capital companies in Europe along with likes of Accel Parnters and Index Ventures, says the latest funds will be used for Series A investments where it sees “the best opportunities for long-term investments in high potential companies”.

Indeed, it has already begun making investments from what is its fifth fund, backing two London start-ups – hotel booking site and online direct debit payment platform, GoCardless.

James Wise, a junior partner at Balderton, said: “What we’re hoping to do with this capital is fund another range of European breakthroughs.

“Balderton raising a fifth fund is great news, but its more about another $305 million that can go into early stage European tech start-ups to help grow the next Betfair or Spotify.”

The fund was raised principally from existing limited partners as well as including new investor, the European Investment Fund.

Balderton, founded in 2000 under the name Benchmark Capital before rebranding itself in 2007, typically invests between $3-5 million in start-ups. Previous investee companies include Betfair, LoveFilm and MySQL. The total value of the companies backed by Balderton is worth over $10 billion.

Bernard Liautaud, partner at Balderton, added: “We're seeing more companies than ever, with close to 10,000 businesses reaching out to us last year, and an increasing quality of entrepreneurs entering the technology sector.”

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