Funding

Balderton funding news – London-based Balderton Secures $1.3 Billion in New Funding

Aug 12, 2024 | By Startup Rise EU

Balderton funding news - London-based Balderton Secures $1.3 billion in New Funding

Balderton Capital, one of Europe's leading technology venture capital firms, announced $615 million Early Stage Fund IX and $685 million Growth Fund II to support Europe's most ambitious entrepreneurs from early stage to IPO.

SUMMARY

  • Balderton Capital, one of Europe's leading technology venture capital firms, announced $615 million Early Stage Fund IX and $685 million Growth Fund II to support Europe's most ambitious entrepreneurs from early stage to IPO.
  • Balderton Capital is a multi-stage venture firm with over two decades of experience supporting Europe's best founders from inception to IPO.

Bernard Liautaud, Managing Partner at Balderton said, " At Balderton, we believe the best way to change the world is to build a company - and many of those world-changing companies will be born in Europe, Our mission as a firm is simple: to be the partner of choice for the founders of these early-stage and growing European technology companies. These new funds enable us to do just that."

Early Stage Fund IX and Growth Fund II, which marked the first time Balderton launched its early-stage and growth funds simultaneously, have been met with strong investor demand. The increasingly global mix of LPs in the firm's funds has been attracted by Balderton's European focus and track record throughout its 25-year history.

These include one of the largest and best-known public pension funds in the United States, which is building a selective European VC portfolio, and British Patient Capital, the largest domestic investor in venture and growth opportunities in the UK.

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Europe has long been a key hub for the global technology industry, with proven winners across sectors and countries. It is only in the last two years that Europe has established itself as a leader in artificial intelligence, with London and Paris as the main innovation hubs. The reasons for this are neither surprising nor new: world-class institutions and engineers, a growing culture of entrepreneurship, a developed financing system, and increasingly third and fourth generation founders.

Since its founding in 2000, Balderton has invested in more than 275 technology companies from across Europe. The current portfolio includes global market leaders such as Revolut, Dream Games, GoCardless, Contentful, Aircall, Wayve, Writer and PhotoRoom. Many previous investments have been successfully closed, including companies such as Darktrace, Depop, MySQL, Peakon, Recorded Future, Talend and THG.

About Balderton Capital

Balderton Capital is a multi-stage venture firm with over two decades of experience supporting Europe's best founders from inception to IPO. We have both early and growth funds and invest across the technology sector, with a proven track record of backing AI, fintech, B2B SaaS, digital health, mobility, gaming and marketplace companies. Past investments include Darktrace (LON: DARK), Depop, Flywire (NASDAQ: FLYW), Kobalt, MySQL, Nutmeg, Peakon, Recorded Future, Talend (NASDAQ: TLND) and THG (LON: THG).

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