Balderton, a London, UK-based venture capital firm, closed a $400M early stage fund.
With the vehicle, the firm will continue supporting outstanding European founders at Series A.
The new fund will be managed by an investment team of 15 working as a single team across Europe, with permanent staff members based in both Paris and Berlin, who will help build close relationships with entrepreneurs, seed funds and accelerators and support portfolio companies on the ground.
In addition, Balderton’s Build platform will provide talent, marketing, finance and legal services to support companies as they scale. In addition to Build’s in-house team, the platform connects founders and their teams to an active community of peers.
It supports founding teams by providing them with access to the global industry leaders of the Balderton Executive Council; the CEO Collective network and offsite; and functional team events, meet-ups and workshops hosted at its Kings Cross headquarters and across Europe.
Since the start of 2018, Balderton’s portfolio has raised over $2bn in follow-on funding, and now employs 18,000+ people in 50+ countries. The team has invested in 26 new companies.
Balderton now have active investments in more than 90 companies, founded across 15 European countries.