The firm is celebrating 20 years of investing in European start-ups and will now deploy capital in this new growth segment.
To mark 20 years, investment firm Balderton Capital has announced a new $ 680 million fund to support early growth stage companies in Europe.
The firm, through its various funds, supports start-up and Series A companies, but has entered growth by investing through its Liquidity I fund. Its investment portfolio includes Darktrace, Revolut, Depop and GoCardless in the past years, while in its early days it was Bebo’s sole venture sponsor.
Now Balderton is turning its attention to early growth stage companies with this new fund as operations in Europe grow in the $ 5 million to $ 50 million range.
According to the firm, Europe has significantly reduced the gaps between it and the US when it comes to these types of agreements.
This new $ 680 million jackpot will invest between $ 25 million and $ 50 million per company, regardless of the industry. He hopes to invest in about 15 companies. The firm has not released the names of any of the fund’s sponsors.
“I have been an investor in Balderton since 2008, and it has been amazing to see the growing number of ambitious European founders and to be able to support them financially during those critical first three to five years with our early stage funds.” said managing partner Bernard Liautaud.
“With this Growth Fund, we can now support them as they scale to become global industry leaders. We anticipate a $ 50 billion growth opportunity in Europe in the next three years alone, and we want to be the first choice for those ambitious founders. “
Bernard Liautaud together with general partners David Thévenon and Rana Yared will lead the fund. The firm has 23 investors in its London, Berlin, Paris and Stockholm offices.
“Our partners are a mix of financiers, technology operators and founders, and together we have a deep understanding of the opportunities and challenges of scaling globally from the continent,” said Thévenon. “This fund will allow us to expand our support, not only to our existing portfolio, but also to the most promising future world leaders in Europe.”
The coronavirus pandemic has led to a frenzy of venture capitalists investing in dozens of tech companies as part of extraordinary funding rounds, all in an attempt to catch the next big thing. Recent figures from Pitchbook showed that valuations of VC-backed companies in Europe soared in the first quarter of the year.
Since early 2020, Balderton has added 22 startups to its portfolio. More recently, he led the $ 19 million Series A round on Denmark forecast and participated in the $ 70 million ComplyAdvantage raise.