Balderton Capital raises $305M to invest in early-stage European startups

Balderton-Capital-logo-webrazziBalderton Capital, one of Europe’s largest VCs, has closed $305 million of funding to be invested primarily in European tech startups; this brings its total funds today to $2.2 billion. The company has also decided to downsize its US and Russian operations to focus more on the home continent.

Participants in the new round included existing limited partners as well as the European Investment Fund as a new contributor.

The company announced that the new funding will be used to support early-stage European startups with international potential. Bernard Liautaud, General Partner at Balderton and founder of Business Objects, says it is in the series A funding where they see the greatest opportunities in the continent.

Balderton, which had started in 2000 under the name ‘Benchmark Capital Europe’, has had more exits above $250 million than almost any other European venture investor, the press release claims.

The London-based company previously had very successful exits, including Betfair (IPO in London, today worth $1.9 billion), LoveFilm (acquired by Amazon), MySQL (acquired by Sun Microsystems), NaturalMotion (acquired by Zynga) and Yoox (IPO in Milan, today worth $2 billion). The total value of the companies backed by Balderton is over $10 billion today.

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