💰Balderton Capital has raised $375 million for its sixth fund from the EIF and other investors
UK venture capital firm Balderton Capital has raised $375 million (£281 million) for its sixth fund to invest in Series A startups in Europe.
A source said the firm has successfully secured backing from the European Investment Fund – a major coup after the fund stopped investing in the UK after the Brexit vote.
Balderton plans to invest more in France and continental Europe with its new fund and has made 10 investments already.
Managing partner Bernard Liautaud said the UK’s future as a tech hub remains up in the air.