Darktrace and Depop backer Balderton Capital is raising a new $400 million fund for European startups
One of Europe's biggest startup investors has a new $400 million fund to focus on early-stage startup investments. The firm's portfolio includes companies like Revolut, Citymapper, Darktrace, Depop, and GoCardless.London-headquartered venture capital firm Balderton has launched a new $400 million investment fund to back early-stage startups in Europe.
Last year saw a record high funding for European startups with with the total amount of venture capital funding flowing into European startups hitting $27.2 billion. "Series A is the inflection point where a company really starts to go global and in Europe it's usually about scaling a company into the US market," Fjeldsoe-Nielsen told Business Insider in an interview at Web Summit in Lisbon.
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