# Balderton Capital: portfolio, investments and team

> Balderton Capital is a vc firm based in United Kingdom. 368 investments on record, 43 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/balderton-capital (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Balderton Capital

Last cheque observed Oct 2026; 368 cheques on record.

Email

Deploying now New fund $602M, Jul 2024 VC firm

Seed Series A Series B Fintech Gaming Autonomous Vehicles

Follow Balderton Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbalderton-capital)

Deploying now

**100%** of best year **43** **cheques in 12 months**, 368 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$30M** Cheque size, as they say **$100K – $20M** Rounds led **22 of 368** Sole investor **61 rounds** Exits **25 from the portfolio** Mostly in **United Kingdom, 31%**

Pitch Balderton Capital

## Balderton Capital highlights

- 01 43 cheques in the last 12 months
- 02 Mostly Series A and Series B: 55% of its rounds
- 03 Sole investor in 61 rounds, median $5.9M
- 04 25 exits from the portfolio

## What they do

> Europe’s leading venture firm focused exclusively on backing European-founded tech companies From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $20M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Fintech Gaming Autonomous Vehicles
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **368 appearances**

- **2026** 36 rounds
- **Oct** **[Duvo](https://millionrounds.com/company/duvo)** Series A · CZ · Pulse 2.0 **$32M** *Led*
- **Sept** **[Mallow](https://millionrounds.com/company/mallow)** FR · Maddyness UK **$12M** With 2 others
- **Sept** **[Spott](https://millionrounds.com/company/spott)** Series A · BE · Ventureburn **$21M** *Led*
- **Sept** **[Unit1 Studio](https://millionrounds.com/company/unit1-studio)** GB · EU-Startups **$27M** *Led*
- **Sept** **[Mantic](https://millionrounds.com/company/mantic)** Seed · GB · TechStartups **$25M** With 5 others
- **Sept** **[Exein](https://millionrounds.com/company/exein)** Growth · IT · eCapital Entrepreneurial Partners **$270M** With 16 others
- **Sept** **[The Exploration Company](https://millionrounds.com/company/the-exploration-company)** Series C · DE · Firms' own news pages **$450M** With 11 others
- **Sept** **[Conveo](https://millionrounds.com/company/conveo)** Series A · Ventureburn **$50M** *Led*
- **Aug** **[Lovable](https://millionrounds.com/company/lovable)** Series C · SE · Menlo Ventures **$400M** With 17 others
- **Aug** **[Itoflow](https://millionrounds.com/company/itoflow)** Pre-seed · GB **$2.5M** Sole investor
- **Jul** **[Proxima Fusion](https://millionrounds.com/company/proxima-fusion)** Series B · DE · TechStartups **$468M** With 12 others
- **Jul** **[Quantum Systems](https://millionrounds.com/company/quantum-systems)** Series D · DE · TechStartups **$1.2B** With 12 others
- **Jun** **[Taktile](https://millionrounds.com/company/taktile)** Series C · US · AlleyWatch **$110M** With 5 others
- **Jun** **[Taktile](https://millionrounds.com/company/taktile)** Series C · US **$54M** With 4 others
- **Jun** **[SOPHiA GENETICS](https://millionrounds.com/company/sophia-genetics)** US **$58M** With 4 others
- **Jun** **[TiLT](https://millionrounds.com/company/tilt)** Series B · US **$26M** With 3 others
- **Jun** **[01Health](https://millionrounds.com/company/01health)** Series A · GB **$15M** With 2 others
- **May** **[Geordie AI](https://millionrounds.com/company/geordie-ai)** Series A · GB · Ventureburn **$30M** *Led*
- **May** **[Primer](https://millionrounds.com/company/primer)** Series C · GB · Ventureburn **$100M** With 7 others
- **May** **[Grand Games](https://millionrounds.com/company/grand-games)** Series B · TR · Ventureburn **$70M** *Led*
- **May** **[Davis AI](https://millionrounds.com/company/davis-ai)** Pre-seed · FR **$5.5M** With 2 others
- **May** **[Daki](https://millionrounds.com/company/daki)** Venture · BR **Undisclosed** With 3 others
- **Apr** **[Zego](https://millionrounds.com/company/zego)** Venture · GB **$28M** With 3 others
- **Mar** **[Dash0](https://millionrounds.com/company/dash0)** Series B · Ventureburn **$110M** With 3 others
- **Mar** **[Outpost](https://millionrounds.com/company/outpost)** Series A · Ventureburn **$18M** With 6 others
- **Mar** **[Escape](https://millionrounds.com/company/escape)** Series A · Ventureburn **$18M** *Led*
- **Mar** **[DeepIP](https://millionrounds.com/company/deepip)** Series B · US · Ventureburn **$25M** With 3 others
- **Mar** **[Reson8](https://millionrounds.com/company/reson8)** Pre-seed · NL **$5.7M** Sole investor
- **Feb** **[Wayve](https://millionrounds.com/company/wayve)** Series D · GB · TechCrunch **$1.2B** *Led*
- **Feb** **[GitGuardian](https://millionrounds.com/company/gitguardian)** Series C · FR · TechStartups **$50M** With 7 others
- **Feb** **[Lawhive](https://millionrounds.com/company/lawhive)** Series B · GB · TechStartups **$60M** With 8 others
- **Feb** **[Mozart AI](https://millionrounds.com/company/mozart-ai)** Seed · GB **$6.0M** With 2 others
- **Feb** **[Quantum Systems](https://millionrounds.com/company/quantum-systems)** Debt · DE **$178M** With 3 others
- **Feb** **[Lassie](https://millionrounds.com/company/lassie)** Series C · SE **$75M** With 1 other
- **Jan** **[Funnel](https://millionrounds.com/company/funnel)** Debt · SE **$80M** With 3 others
- **Jan** **[Clue](https://millionrounds.com/company/clue)** Venture · DE **Undisclosed** With 2 others
- **2025** 25 rounds
- **Dec** **[Qargo](https://millionrounds.com/company/qargo)** Series B · BE · Ventureburn **$33M** With 1 other
- **Dec** **[Fuse Energy](https://millionrounds.com/company/fuse-energy)** Series B · GB **$69M** With 3 others
- **Dec** **[Premialab](https://millionrounds.com/company/premialab)** Growth · HK **$220M** Sole investor
- **Nov** **[Quantum Systems](https://millionrounds.com/company/quantum-systems)** Series C · DE · Silicon Canals **$208M** *Led*

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **23 named**

AG **Adrian George Rainey** Manager i Filing they signed

AM **Andrew Mark Carre** Executive Officer i Filing they signed

BM **Barry Maloney** Executive Officer i Filing they signed

BM **Barry McClay** Executive Officer i Filing they signed

BD **Bernard Dominique Liautaud** Member i Form ADV

CP **Christophe Ponticello** Manager (gerant) of the General Partner i Filing they signed

CD **Colin Daymond Hanna** Member i Form ADV

DW **Daniel Waterhouse** Member i Form ADV

DR **Danny Robert Bloom** Head of Legal i Form ADV

DT **David Thevenon** Member i Form ADV

DM **Donatien-Xavier Martin** Manager (gerant) of the General Partner i Filing they signed

EG **Emanuele George Grippo** Manager i Filing they signed

FJ **Fiona Jane Blakemore** Chief Financial Officer i Form ADV

JW **James Wise** Member i Form ADV

JM **Jerome Misso** Manager i Filing they signed

PG **Petr George Kilmo** Manager i Filing they signed

RY **Rana Yared** Member i Form ADV

RW **Robert Warriner Moffat** Member i Form ADV

SH **Simon Henin** Manager i Filing they signed

SC **Suranga Chandratillake** Member i Form ADV

TK **Tim Kiefer** Manager (gerant) of the General Partner i Filing they signed

VG **Vaida Gonciauskaite** Manager (gerant) of the General Partner i Filing they signed

WM **William Mark Evans** Executive Officer i Filing they signed

We also hold **43** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$8.5B** gross assets of its funds Oct 2026

**9+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Balderton Capital (uk) LLP
- **SEC number:** CRD 160323

Who backs their funds

## 1 LP on record in Balderton Capital's funds

- **Committed:** $119M
- **Funds:** 2
- **Vintages:** 2024

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**California Public Employees' Retirement System (CalPERS)** 2 funds *$119M*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed Balderton Capital Growth II, S. 2024 $63M Balderton Capital IX, S. 2024 $56M

## What they claim to have backed

From their own portfolio page (on their website)

**19** of 28 we have independently watched raise

[01health](https://millionrounds.com/company/01health)[Adludio](https://millionrounds.com/company/adludio)[Agavegames](https://millionrounds.com/company/agave-games)[Aircall](https://millionrounds.com/company/aircall)[Appearhere](https://millionrounds.com/company/appear-here)[Attio](https://millionrounds.com/company/attio)[Avimedical](https://millionrounds.com/company/avi-medical)[Beautypie](https://millionrounds.com/company/beauty-pie)[Betfair](https://millionrounds.com/company/betfair)[Betterorigin](https://millionrounds.com/company/better-origin)[Brigad](https://millionrounds.com/company/brigad)[Carwow](https://millionrounds.com/company/carwow)[Citymapper](https://millionrounds.com/company/citymapper)[Exploration](https://millionrounds.com/company/the-exploration-company)[Meetcleo](https://millionrounds.com/company/cleo)[Proximafusion](https://millionrounds.com/company/proxima-fusion)[Quantum-systems](https://millionrounds.com/company/quantum-systems)[Revolut](https://millionrounds.com/company/revolut)[Wayve](https://millionrounds.com/company/wayve) Andjaro Axitech Balderton eFrontCloud Bigfishgames Bookatable Checklyhq Circlehealth Getarive Getcino

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **25 in all**

**[Cloud9 IDE](https://millionrounds.com/company/cloud9-ide)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Jul 2016

**[Lifecake](https://millionrounds.com/company/lifecake)** Bought by [Canon](https://millionrounds.com/fund/canon) **Undisclosed** Apr 2015

**[Nutmeg](https://millionrounds.com/company/nutmeg)** Bought by Giphy **Undisclosed** Mar 2015

**[Sunrise](https://millionrounds.com/company/sunrise)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$100M** Feb 2015

**[Big Fish](https://millionrounds.com/company/big-fish)** Bought by [Churchill Downs Incorporated](https://millionrounds.com/fund/churchill-downs-incorporated) **$885M** Nov 2014

**[Saatchi Art](https://millionrounds.com/company/saatchi-art)** Bought by Demand Media **$17M** Aug 2014

**[7digital](https://millionrounds.com/company/7digital)** Bought by UBC Media Group **Undisclosed** Mar 2014

**[NaturalMotion](https://millionrounds.com/company/naturalmotion)** Bought by Zynga **$527M** Jan 2014

**[Realtime Technology](https://millionrounds.com/company/realtime-technology)** Bought by [Dassault Systemes](https://millionrounds.com/fund/dassault-systemes) **Undisclosed** Dec 2013

**[Daylife](https://millionrounds.com/company/daylife)** Bought by NewsCred **Undisclosed** Oct 2012

**[MOG](https://millionrounds.com/company/mog)** Bought by Beats Electronics **Undisclosed** Jul 2012

**[LOVEFiLM](https://millionrounds.com/company/lovefilm)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$2.5M** Jun 2012

**[Friend.ly](https://millionrounds.com/company/friend-ly)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Mar 2012

**[NewBay](https://millionrounds.com/company/newbay)** Bought by [BlackBerry](https://millionrounds.com/fund/cylance) **$100M** Oct 2011

**[Azuro](https://millionrounds.com/company/azuro)** Bought by [Cadence Design Systems](https://millionrounds.com/fund/cadence-design-systems) **Undisclosed** Jul 2011

**[BridgeCo](https://millionrounds.com/company/bridgeco)** Bought by SMSC **Undisclosed** May 2011

**[Icera](https://millionrounds.com/company/icera)** Bought by [Nvidia](https://millionrounds.com/fund/nvidia) **$367M** May 2011

**[LoveFilm](https://millionrounds.com/company/lovefilm)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$312M** Jan 2011

**[Adjug](https://millionrounds.com/company/adjug)** Bought by IgnitionOne **Undisclosed** Jan 2011

**[MANGLAM EDUCATION](https://millionrounds.com/company/manglam-education)** Bought by Reachd **$10M** Jun 2010

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$602M**

raised in Jul 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$30M** the round, not its cheque Alone, median **$5.9M**

Led 22 of 368 rounds **6%**

- **Said size:** $100K – $20M
- **Sole investor:** 61 rounds
- **Last cheque:** Oct 2026
- **Exits:** 25 from the portfolio

Rounds by stage said on their site

- Series A said *79*
- Series B said *72*
- Venture *53*
- Series C *39*
- Seed said *32*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Index Ventures](https://millionrounds.com/fund/index-ventures) 25
- [Accel](https://millionrounds.com/fund/accel) 21
- [Creandum](https://millionrounds.com/fund/creandum) 16
- [Benchmark](https://millionrounds.com/fund/benchmark) 15
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 14
- [LocalGlobe](https://millionrounds.com/fund/localglobe) 12

**Pitching Balderton Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Balderton Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Index Ventures** VC firm **25** rounds together](https://millionrounds.com/fund/index-ventures)[**Accel** VC firm **21** rounds together](https://millionrounds.com/fund/accel)[**Creandum** VC firm **16** rounds together](https://millionrounds.com/fund/creandum)[**Benchmark** VC firm **15** rounds together](https://millionrounds.com/fund/benchmark)[**Atlas Venture** VC firm **14** rounds together](https://millionrounds.com/fund/atlas-venture)[**LocalGlobe** VC firm **12** rounds together](https://millionrounds.com/fund/localglobe)[**Y Combinator** Accelerator **11** rounds together](https://millionrounds.com/fund/y-combinator)[**Google Ventures** Corporate VC **10** rounds together](https://millionrounds.com/fund/gv)[**DFJ Esprit** VC firm **9** rounds together](https://millionrounds.com/fund/dfj-esprit)[**Draper Esprit** VC firm **9** rounds together](https://millionrounds.com/fund/draper-esprit-plc)[**Wellington Partners** VC firm **9** rounds together](https://millionrounds.com/fund/wellington-partners)[**Amadeus Capital Partners** VC firm **8** rounds together](https://millionrounds.com/fund/amadeus-capital-partners)

## Recently backed

The latest companies Balderton Capital put money into.

[**Spott** $21M · Sept 2026](https://millionrounds.com/company/spott)[**Unit1 Studio** $27M · Sept 2026](https://millionrounds.com/company/unit1-studio)[**Exein** $270M · Sept 2026](https://millionrounds.com/company/exein)[**The Exploration Company** $450M · Sept 2026](https://millionrounds.com/company/the-exploration-company)[**Conveo** $50M · Sept 2026](https://millionrounds.com/company/conveo)[**Lovable** $400M · Aug 2026](https://millionrounds.com/company/lovable)

## On podcasts

6 episodes naming Balderton Capital in the title, and 4 more that mention it.

- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 7 Oct 2025 · 48 min Balderton Capital's 25 Year Anniversary: An Interview with Bernard Liautaud and Suranga Chandratillake With [Bernard Liautaud](https://millionrounds.com/person/bernard-liautaud)[Suranga Chandratillake](https://millionrounds.com/person/suranga-chandratillake) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital) Apple PodcastsShow page
- [UKTN: The Podcast](https://millionrounds.com/podcasts/uktn) 26 Nov 2024 · 32 min Why more unicorns shouldn't be Britain's end goal – Suranga Chandratillake, general partner, Balderton Capital With [Suranga Chandratillake](https://millionrounds.com/person/suranga-chandratillake) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital) Apple PodcastsShow page
- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 19 Dec 2023 · 34 min SaaStr 709: 15 Signs You Have A SaaS Metrics Problem (and How to Fix it) with Dave Kellogg, EIR at Balderton Capital With [Dave Kellogg](https://millionrounds.com/person/dave-kellogg) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 25 Apr 2016 · 36 min 20VC: Europe's Youngest Series A Venture Partner, James Wise @ Balderton Capital on How To Get Into Venture & What The Future Of The VC Industry Looks Like With [James Wise](https://millionrounds.com/person/james-wise) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital)[Crowdcube](https://millionrounds.com/fund/crowdcube) Apple PodcastsShow page
- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 24 Mar 2016 · 46 min Lars Fjeldsoe-Nielsen, General Partner, Balderton Capital With [Lars Fjeldsoe-Nielsen](https://millionrounds.com/person/lars-fjeldsoe-nielsen) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 25 Nov 2015 · 23 min 20 VC 091: Daniel Waterhouse @ Balderton Capital on Investing Styles, Venture Landscapes and The Future of AI With [Daniel Waterhouse](https://millionrounds.com/person/daniel-waterhouse) Mentions [Balderton Capital](https://millionrounds.com/fund/balderton-capital)[Wellington Partners](https://millionrounds.com/fund/wellington-partners) Apple PodcastsShow page

### Mentioned in

- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 2 Sept 2026 · 26 min Hendrik Van Hove, Co-founder of Conveo: BREAKING: Conveo raised $50M Series A Apple PodcastsShow page
- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 9 Jul 2026 · 19 min Laura McGinnis, Partner at Singular: Growing Singular's London office to back UK founders Apple PodcastsShow page
- [Startup Europe](https://millionrounds.com/podcasts/sifted) 15 May 2026 · 39 min James Wise on why the Sovereign AI Unit criticism is wrong – and the one company he wishes he’d backed Apple Podcasts
- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 17 Nov 2025 · 23 min Fabio Schmidberger: Co-Founder and CEO at voize announcing their $50m Series A led by Balderton! Apple PodcastsShow page

## Quick answers about Balderton Capital

### What does Balderton Capital invest in?

Balderton Capital invests most often at Series A and Series B (55% of the rounds on record), in sectors such as Fintech, Gaming and Autonomous Vehicles.

### How active is Balderton Capital?

368 investments on record, 43 of them in the last 12 months, and it led 22. The most recent was in Oct 2026.

### What has Balderton Capital invested in recently?

Its most recent investments on record: Duvo (Series A, Oct 2026), Mallow (Sept 2026) and Spott (Series A, Sept 2026).

### How big are Balderton Capital's cheques?

The median round it joins is $30M. It says it writes cheques of $100K to $20M.

### Does Balderton Capital lead rounds?

Sometimes: it led 22 of its 368 investments on record (6%).

### Where does Balderton Capital invest?

Most of the companies it backs are in the United Kingdom (31%), Germany (17%) and the United States (14%).

### Is Balderton Capital investing now?

Yes: it is actively investing, with 43 investments in the last 12 months.

### Who does Balderton Capital invest alongside?

Most often Index Ventures (25 rounds together), Accel (21 rounds together) and Creandum (16 rounds together).

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