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Nutmeg and Revolut investor launches new European fund

The London-based VC firm Balderton Capital is zeroing in on Europe's next big thing.

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The London-based VC firm Balderton Capital is zeroing in on Europe's next big thing.

A leading investor in Series A-stage technology companies, Balderton Capital has closed a total of $375m in its latest fund with a new generation of European tech in its sights.

The firm has become well known in fintech for its role in helping found some key industry players in recent years, supporting platforms such as Nutmeg,Revolut,Crowdcube and Prodigy Finance in their early days. This is its sixth fund, raised from new and existing investors in Europe, Asia and the US, and is destined to create Europe’s next global giant.

“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.

“As European start ups grow bigger faster, we are convinced that is finally about to change. 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.”

Undaunted by the potential impact of Brexit on Europe’s fintech sector, Balderton appears convinced that Europe is the next hotspot for a breakout tech star.

The firm has looked at over 2,000 start ups in 2017, making 10 investments in five countries since March. Since its foundation in 2000, the firm has backed several breakthrough companies, including MySQL, Betfair, The Hut Group and online fashion merchant Net-a-Porter.

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