Balderton raises $375m for sixth fund

The total raised is significantly higher than the $305m raised for its predecessor vehicle, but below the $430m raised for Balderton's fourth fund, which held a final close in 2009.

The latest fundraising brings the total amount raised by the VC firm to $2.6bn.

Investors
Balderton VI raised commitments from new and existing investors across Europe, the US and Asia. The VC's previous fund raised commitments from LPs including the European Investment Fund and Finnish Industry Investment.

Investments
The new vehicle will invest in series-A rounds for European technology companies across various verticals.

Recent investments by Balderton include a $10m series-A for Swedish online marketing platform Funnel, a $2.5m seed round for Swedish AI business Furhat Robotics, a $30m series-D for Swiss biotechnology company Sophia Genetics and a $10m series-A for Danish virtual laboratory simulations provider Labster. Former portfolio companies include gambling platform Betfair, which listed on the London Stock Exchange with a £1.39bn valuation in 2010; video compression startup Magic Pony, which was acquired by Twitter in 2016; and big data provider Talend, which listed on Nasdaq with a market-cap of $760m in 2016.

People
Balderton Capital – Bernard Liautaud (managing partner).

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