European tech investor Balderton launches $400 million start-up fund

LONDON (Reuters) – European venture capital firm Balderton Capital is launching a $400 million fund to invest in technology start-ups, bringing its total funds under management to $3 billion, it said on Tuesday. Total venture capital funding in European start-ups hit a record high of 24.6 billion euros ($27.11 billion) in 2018, Balderton said in a statement. “Europe has the potential to build the next generation of technology giants…we are seeing more and more exceptional founders,” said Bernaud Liautaud, managing partner at Balderton. Balderton’s current portfolio includes Healx, which uses artificial intelligence to accelerate treatments for rare diseases, and digital account provider Revolut.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s