Balderton Capital Launches $680M Early Growth Fund
Summary
London, UK-based Balderton Capital is launching Balderton Growth I, a $680m dedicated growth fund to extend its support to European founders scaling the next global tech giants. Balderton Growth I will be led by This fund follows Balderton’s launch of Europe’s first dedicated secondary fund, Liquidity I in 2018, and the firm’s seventh Series A fund in 2019, and it comes after a record year for both Balderton and its portfolio. In the 18 months since January 2020, 22 new companies have joined the Balderton portfolio, and the firm has made over 45 follow-on investments. In addition, companies in the Balderton portfolio have themselves raised more than $5bn since January 2020 to accelerate growth, of which close to $1.7bn has been since the beginning of 2021. The portfolio now employs over 25,000 staff in over 50 countries around the world.