Balderton Capital, one of Europe’s leading technology venture capital firms, has raised $615mfor its Early Stage Fund IX and $685m Growth Fund II, to back Europe’s “most ambitious entrepreneurs from seed stage through to IPO”.
Both funds, which Balderton marketed simultaneously for the first time, attracted strong support from a global mix of LPs targeting strong returns, including a $90m commitment from British Patient Capital. According to data from Invest Europe and Cambridge Associates, European VC funds have outperformed North American funds over both a 10 and 15 year period.
Since its founding in 2000, Balderton has invested in more than 275 technology companies from across Europe. The current portfolio of more than 125 companies includes Revolut, Dream Games, GoCardless, Contentful, Aircall, Wayve, Writer and PhotoRoom. Many previous portfolio companies have successfully exited, such as Darktrace, Depop, MySQL, Peakon, Recorded Future, Talend and THG. Balderton’s investment history spans technology sectors including AI, fintech, B2B SaaS, digital health, mobility, gaming and marketplaces.
