Balderton Capital completes US$375m European tech fund

London

BALDERTON Capital has closed to new investors a new, US$375 million fund dedicated to European technology start-ups, marking one of the year's largest such capital raisings in the region, the company said on Monday.

Known for backing the original start-ups behind companies such as Betfair and Yoox Net-a-Porter, the London-based firm expects to make between 30 and 35 investments with the new fund, managing partner Bernard Liautaud said in an interview ahead of the announcement.