Balderton closes $305m fund

The vehicle launched in May 2013, according to documents filed with the US Securities and Exchange Commission. Balderton V is domiciled in Guernsey.

The VC's previous fund, Balderton IV, reached a $430m first close in early 2009 and had an initial $500m target. The latest fundraise brings total funds to invest in European tech start-ups to $2.2bn.

The fund close follows recent additions to Balderton's team. In late 2013, the VC appointed Suranga Chandratillake, the founder of video platform blinkx, as general partner in its London office. The firm also hired Daniel Waterhouse, a former partner at Wellington Partners, as general partner. 

Investors
Existing backers were joined by the European Investment Fund, a new addition to the firm's LP base.

Investments
The firm will participate in series-A rounds for European tech companies. According to unquote" data, the firm has portfolio companies in the UK, Ireland, France, DACH, Sweden, Denmark, Spain, Finland, Belgium, Italy, the Netherlands and Russia. 

New additions to the portfolio in 2014 include hotel recommendation site Top10, car purchase platform carwow, fashion e-commerce site Lyst and online direct debit platform GoCardless, all of which are based in the UK. 

People
Barry Maloney is one of Balderton's founders. 

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