Balderton Capital closes new $375M fund to invest in Series A-stage European startups
Summary
Presumably part of its pitch deck to LPs, Balderton says the continent’s technology sector has reached a pivotal moment, in which a “critical mass of fast-growing companies, ambitious entrepreneurs, top tier technical talent, and access to multi-stage investment means that Europe’s next global giant is set to be a technology company”.“Europe’s technology sector has already produced many game-changing global companies, but we are still waiting for our continent’s very own Google, Amazon or Facebook to emerge,” says Bernard Liautaud, Balderton Capital’s Managing Partner , in a statement.With growth accelerating – this year to date European companies have attracted more than $12.5bn of venture investments – the continent can now produce and scale tech businesses of global significance”.Meanwhile, Balderton’s previous fund saw it invest in what it claims are a range of category leaders, such as fintechs Nutmeg, Revolut, and Prodigy Finance.In a call with Balderton Partner Suranga Chandratillake , he said the VC will continue to do a few investments in fintech, while AI — something that the U.K. and Europe excel at — will be a strong focus going forward.