Balderton Capital

About: Based in London, Balderton Capital now manages approximately US$1.9bn in committed venture capital making it one of the largest VC firms outside the US. Since its inception in 2000, Balderton has invested in over 80 companies across a wide variety of technology sectors and geographies, including Europe, the US and China. Notable investments include bebo, (the social networking site, sold to AOL for US$850m), Betfair (the online betting exchange), Codemasters (the video games publisher), MySQL (the open-source database business, sold to Sun for US$1bn) and Setanta Sports (the European sports broadcaster).

www.balderton.com

Key Personnel:
Barry Maloney, General Partner
Mark Evans, General Partner
Bernard Liautaud, General Partner
Tim Bunting, General Partner
Dharmash Mistry, Partner
Jerome Misso, Partner
Roberto Bonanzinga, Partner

Portfolio:
Greentech
– GCL Silicon, MBA Polymers, TerraPass, Yingli Solar.

News: Balderton was founded in 2000 by Benchmark Capital, the leading US Silicon Valley venture firm. Balderton was then known as Benchmark Europe. Both firms have always been managed separately, and Balderton formally became an independent firm in 2007. However, Balderton maintains close ties with Benchmark Capital.

Balderton Capital, announced in January 2009 that it has raised US$430m in the first closing for its new US$500m fund, Balderton IV. This is Balderton’s fourth fund, having raised US$550m in December 2006, US$375m in July 2004 and US$500m in May 2000.

Rapid TV News reported in June 2009 about “the scale of the huge losses that Irish pay-TV broadcaster Setanta. For the moment it seems that Setanta’s investors alone will lose some £450m. Shareholders will lose all their investments, says administrator Deloitte. This means that private equity investors Doughty Hanson will lose £85m, although a spokesman stressed that while unfortunate this needed to be set alongside the significantly larger sums that the firm has under management. Other investors, including Balderton Capital (and Barry Maloney) as well as the two founders, Leonard Ryan and Michael O’Rourke, will lose their complete stakes.”

balderton

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