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Balderton Capital raises USD430m at first closing of fourth fund

European venture capital firm Balderton Capital has announces that it has raised USD430m in the first closing for its new fund.

European venture capital firm Balderton Capital has announces that it has raised USD430m in the first closing for its new fund.

This is Balderton’s fourth fund, having raised USD550m in December 2006, USD375m in July 2004 and USD500m in May 2000.
 
Based in London, Balderton now manages approximately USD1.8bn in committed venture capital making it one of the largest VC firms outside the US.

Since its inception in 2000, Balderton has invested in over 70 companies across a wide variety of technology sectors and geographies, including Europe, the US and China.

Notable investments include bebo, (the social networking site, sold to AOL for USD850m), Betfair (the online betting exchange), Codemasters (the video games publisher), MySQL (the open-source database business, sold to Sun for USD1bn) and Setanta Sports (the European sports broadcaster).
 
Barry Maloney, general partner at Balderton (photo), says: ‘This is a great start for the year for Balderton in what is clearly a difficult economic environment. Our first fund was completed at the height of the dot-com bust and we went on to invest in some of the strongest companies in our portfolio today. Each economic cycle provides opportunities for the best entrepreneurs and we are excited to be able to invest in tomorrow’s success stories in this our fourth fund.’

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