Series A investor Balderton Capital raises $375m to back European tech firms

Balderton Capital, one of Europe’s most well-known venture capital investors, has raised $375m to continue backing European technology companies.

New and existing investors from Europe, the US and Asia contributed to the fund.

“Europe’s technology sector has already produced many game-changing global companies, but we are still waiting for our continent’s very own Google, Amazon or Facebook to emerge,” commented Bernard Liautaud, Balderton Capital’s managing partner.

“As European startups grow bigger faster, we are convinced that is finally about to change. With growth accelerating – this year to date European companies have attracted more than $12.5bn of venture investments – the continent can now produce and scale tech businesses of global significance.

“From AI to gaming, and music to messaging, Europe has built up reservoirs of world-class expertise which has inspired a generation of entrepreneurs with ten times the ambition of a decade ago,” he noted.

Balderton has invested in wide range of UK technology companies, including Magic Pony, which was acquired by Twitter last year.

Other portfolio companies include GoCardless, Revolut and Roli. Balderton has also invested in Seedcamp, which recently announced it had closed a £41m fund to back early-stage technology firms across Europe.

Focused on Series A investments, Balderton manages $2.6bn and backs entrepreneurs looking to build global businesses.

Interested in finding out what UK tech firms Balderton has invested in? Check out our UK tech investment tracker.