Balderton Capital Secures $1.3 Billion to Boost European Tech
The new funds aim to support Europe's ambitious startups amid increasing competition from US-based AI giants.
- Balderton's $1.3 billion is divided between a $615 million Early Stage Fund and a $685 million Growth Fund.
- European VC funds have outperformed US counterparts over 10- and 15-year periods, boosting investor confidence.
- Balderton's portfolio includes notable companies like Revolut, Wayve, and Dream Games.
- The firm focuses solely on European startups, missing out on high-profile Silicon Valley AI investments.
- Industry experts highlight the need for European VCs to make bold foundational technology bets.