Balderton Capital
Coordinates: 51°31′47″N 0°07′08″W / 51.529792°N 0.118778°W
Type | Limited liability partnership |
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Industry | Venture capital |
Founded | 2000 |
Headquarters | London, WC1 United Kingdom |
Key people | Bernard Liautaud, Daniel Waterhouse, Suranga Chandratillake, James Wise, Rob Moffat, David Thevenon, Rana Yared, Colin Hanna |
Total assets | $5.0 billion |
Number of employees | 60 |
Website | www |
Balderton Capital is a venture capital firm based in London, UK, that invests in early-stage, technology and internet startup companies in Europe. It is considered to be among the four-biggest venture capital firms in the English capital.[1]
Founded in 2000 as Benchmark Capital Europe, Balderton Capital became fully independent in 2007. The company made over 100 early-stage investments between 2000 and 2020, including Revolut, Betfair, The Hut Group, MySQL, Yoox, Depop, Talend, Recorded Future, NaturalMotion, Kobalt Music Group, , CityMapper, and Sophia Genetics
In November 2019, Balderton announced Balderton VII, a new $400m fund to invest in European companies at Series A.[2] The new fund will reportedly make approximately 12 investments annually.[3] In 2018, Balderton announced the first fund dedicated to buying equity from existing shareholders of European technology startups.[4] In 2021, Balderton announced the first fund dedicated to growth, with $680M under management and a further $600M for early stage investing, bringing its total assets to over $5B.[5][6]
Partners[]
The partners of the firm are Bernard Liautaud, Tim Bunting, Suranga Chandratillake, Rob Moffat, Daniel Waterhouse, James Wise, David Thevenon, and Rana Yared.[7][8][9][10][11][12]
Investments[]
Notable investments have included:
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Exits[]
Since 2008, Balderton has had many prominent exits, including Betfair ($2bn IPO of which they owned 3.95%),[21] Bebo ($850m sale to AOL),[22] Depop ( sale to Etsy for $1.65B ),[23] Scansafe (sale to Cisco, 30% stake[24]), Lovefilm (sale to Amazon.com, 5% stake[25]), Yoox ($700m IPO), MySQL ($1bn sale to Sun Microsystems, 15% stake[26]), Big Fish Games (sold to Churchill Downs for $885m),[15] Recorded Future ($780m sale to Insight Partners,[27] Sunrise (sold to Microsoft),[28] Talend (2016, Nasdaq IPO at $1.5B), Sophia Genetics ( 2021, Nasdaq IPO at $1.2B), Darktrace (2021, FTSE IPO at $3.5B ), Frontier Car Group (majority bought by OLX in 2019 for $700M),[29] and Magic Pony Technologies (sold to Twitter).[30][31]
References[]
- ^ "Balderton Capital raises new $400M fund to back European tech startups at Series A". TechCrunch. Retrieved 2020-04-09.
- ^ "Balderton Capital raises new $400M fund to back European tech startups at Series A". TechCrunch. Retrieved 2019-11-24.
- ^ Browne, Ryan (2019-11-12). "A new $400 million tech fund wants to help European start-ups compete with Silicon Valley and China". CNBC. Retrieved 2020-04-09.
- ^ "Balderton pioneers fund for buying stakes in European start-ups". Financial Times. 13 October 2018. Retrieved 10 February 2020.
- ^ "Balderton launches $680M 'early growth' fund to lure startups looking for a different kind of capital". TechCrunch. Retrieved 2021-06-14.
- ^ Martin, Iain. "Balderton Raises $600 Million Early Stage Fund". Forbes. Retrieved 2021-11-18.
- ^ Bradshaw, Tim (15 June 2008). "Liautaud joins Balderton Capital". Financial Times. Retrieved 1 July 2014.
- ^ Li, Charmaine (17 October 2013). "Balderton Capital hires Wellington Partners' Daniel Waterhouse". venturevillage.eu. Archived from the original on 2 August 2014. Retrieved 1 July 2014.
- ^ "Suranga Chandratillake joins Balderton Capital as GP". Thomson Reuters. 20 January 2014. Retrieved 1 July 2014.
- ^ Uber executive joins London venture capital firm Balderton - Telegraph
- ^ Balderton Capital Promotes Rob Moffat And James Wise To Partner | TechCrunch
- ^ Weil, Dan. "Goldman Sachs Partner in Technology Investments, Rana Yared, Leaves Firm". TheStreet. Retrieved 2020-02-07.
- ^ Fowler, Nina (27 August 2013). "Balderton Capital backs crowdsourced 3D printing network 3D Hubs". venturevillage.eu. Archived from the original on 14 July 2014. Retrieved 1 July 2014.
- ^ "Aircall Rides Work-From-Home Wave, Now Valued at $500 Million". Bloomberg.com. 27 May 2020. Retrieved 25 February 2021.
- ^ a b Wingfield, Nick (13 November 2014). "Churchill Downs to Buy Big Fish Games for up to $885 Million". The New York Times.
- ^ "Portfolio - Balderton Capital". Archived from the original on 2014-07-04. Retrieved 2014-09-21.
- ^ Sun Picks Up MySQL For $1 Billion; Open Source Is A Legitimate Business Model | TechCrunch
- ^ Edwards, Cliff (31 January 2014). "Zynga Buys NaturalMotion to Bolster Mobile, Cut Staff". Bloomberg. Retrieved 1 July 2014.
- ^ "Hybrid real estate agent McMakler welcomes Balderton Capital and GR Capital as new investors".
- ^ Grant, Rebecca (17 July 2013). "Vivino uncorks $10.3M to turn anyone into a wine snob". VentureBeat. Retrieved 1 July 2014.
- ^ McDermid, Riley (22 October 2010). "Betfair's IPO soars as investors embrace social gaming". VentureBeat. Retrieved 1 July 2014.
- ^ Johnson, Bobbie (14 March 2008). "Bebo sale to AOL nets founders a fortune in 3 years". The Guardian. Retrieved 1 July 2014.
- ^ "Etsy buys secondhand clothing app Depop to tap into gen Z". the Guardian. 2021-06-02. Retrieved 2021-11-18.
- ^ Hancock, Ciaran. "ScanSafe sale nets Balderton $55m". The Irish Times. Retrieved 2021-06-12.
- ^ "Shareholders at LoveFilm cash in on bid". CityAM. 2011-01-20. Retrieved 2021-06-12.
- ^ "Index Ventures, Balderton and Benchmark share in $1bn spoils | Private Equity International". webcache.googleusercontent.com. Retrieved 2021-06-12.
- ^ "Insight Partners acquires threat intel company Recorded Future for $780M". TechCrunch. Retrieved 2019-11-24.
- ^ "Microsoft acquires Sunrise calendar".
- ^ "OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation".
- ^ Lunden, Ingrid. "Twitter pays up to $150M for Magic Pony Technology, which uses neural networks to improve images". TechCrunch. Retrieved 2017-03-03.
- ^ "Twitter is buying Magic Pony technology".
External links[]
- Venture capital firms of the United Kingdom
- Financial services companies based in London
- Companies based in San Francisco
- Financial services companies established in 2000
- 2000 establishments in England