Balderton on the road for fifth fund

Balderton is believed to be looking to raise $400m for the Guernsey-domiciled vehicle – its previous fund, Balderton IV, reached a $430m first close in early 2009 and had an initial $500m target.

The firm typically makes initial investments in the region of $5m and tends to invest $15m over the lifecycle of a portfolio company.

Balderton most recently provided a £2m series-A round for UK-based online letting service Rentify in January.

The firm declined to comment on its current fundraising process.

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• Topics
• Venture
• United Kingdom
• Balderton Capital