Venture capital firm
Balderton Capital portfolio
balderton.comBalderton Capital is a venture capital firm based in London, United Kingdom, founded in 2000. It has invested in 140 venture-backed companies across 217 funding rounds on VCMC, and led 90 of those rounds. 23 of them were in the last 12 months.
140
Venture-backed companies
in its portfolio on VCMC
217
Funding rounds
led 90
23
Last 12 months
rounds, Oct 2025 to Sep 2026
29
With a disclosed valuation
of 140 companies
$154.3B
Combined value of its private companies
the whole companies, not what Balderton Capital owns
132 private companies Balderton Capital has backed have a VCMC valuation; together they are worth $154.3B. That is the value of the whole companies, not what Balderton Capital owns. Revolut is 51% of the total. 8 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Balderton Capital's most valuable portfolio companies
The 10 most valuable private companies Balderton Capital has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Revolut Banks & ATMs, London $78.1B range $61.5B – $91.0B Led at Seed, 2015
- 2 Lovable Tech Companies, Stockholm $14.0B range $11.6B – $19.9B Joined at Series C, 2026
- 3 Quantum Systems Aerospace and Defence, Gilching $8.8B range $7.0B – $12.5B Led at Series C, 2025
- 4 The Exploration Company Aerospace and Defence, Planegg $3.3B range $2.2B – $5.9B Led at Series B, 2024
- 5 Tech Companies, San Francisco $2.9B range $1.7B – $3.3B Led at Series E, 2024
- 6 Tech Companies, San Francisco $2.9B range $1.7B – $3.3B Joined at Series B, 2023
- 7 Dream Games Tech Companies, Şişli $2.9B range $399M – $5.4B Joined at Seed, 2019
- 8 Proxima Fusion Research Institutes, Munich $2.8B range $2.3B – $3.5B Joined at Growth, 2026
- 9 Tech Companies, Berlin $2.8B range $210M – $4.0B Joined at Series B, 2016
- 10 Tech Companies, Rome $1.8B range $1.5B – $2.6B Joined at Series C, 2026
Portfolio
Full Balderton Capital portfolio (140 companies)
140 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Revolut Banks & ATMs · led at Seed, 2015 | Growth Equity Sep 2025 $2.00B | $78.1B | $61.5B – $91.0B | $67.8B (-13%) | $8.0B | 35% | 20,310 | flat | A | |
| 2 | Prodigy Finance Loans & Financing · since Series C, 2017 | Growth Equity Nov 2024 $310M | $626M | $389M – $1.2B | $374M (-40%) | $106M | 97% | 164 | shrinking | B | |
| 3 | Quantum Systems Aerospace and Defence · led at Series C, 2025 | Series D Jul 2026 $1.20B | $8.8B | $7.0B – $12.5B | $10.9B (+24%) | $1.3B | 0% | 740 | growing | A | |
| 4 | Wayve Tech Companies · since Series A, 2019 | Series D Apr 2026 $60M | $801M | $464M – $1.4B | $918M (+15%) | $110M | 0% | 1,034 | growing | B | |
| 5 | Lovable Tech Companies · since Series C, 2026 | Series C Aug 2026 $400M | $14.0B | $11.6B – $19.9B | $17.3B (+23%) | $2.1B | 0% | 1,139 | growing | A | |
| 6 | Stream Financial Services · since Series B, 2020 | Series D Jan 2026 $90M | $1.3B | $678M – $2.0B | $1.3B (+7%) | $161M | 0% | 309 | up | B | |
| 7 | The Exploration Company Aerospace and Defence · led at Series B, 2024 | Series C Sep 2026 $450M | $3.3B | $2.2B – $5.9B | $4.1B (+26%) | $496M | 0% | 530 | growing | B | |
| 8 | Vestiaire Collective Clothing Stores · since Series C, 2013 | Growth Equity Sep 2021 $178M | $760M | $115M – $1.9B | $709M (-7%) | $183M | 34% | 707 | flat | D | |
| 9 | JOKR Groceries · led at Series A, 2021 | Series D Sep 2023 $50M | $642M | $165M – $1.1B | $531M (-17%) | $119M | 29% | 347 | flat | C | |
| 10 | Voi Bicycle Rental Services · led at Series A, 2018 | Debt Oct 2024 $55M | $429M | $178M – $507M | $388M (-9%) | $43.3M | 4% | 855 | up | B | |
| 11 | Merama Holding Companies · since Series B, 2021 | Growth Equity Apr 2025 $215M | $657M | $535M – $887M | $343M (-48%) | $87.8M | 97% | 75 | shrinking | A | |
| 12 | Proxima Fusion Research Institutes · since Growth, 2026 | Growth Equity Jul 2026 $468M | $2.8B | $2.3B – $3.5B | $3.1B (+10%) | $302M | 0% | 191 | growing | A | |
| 13 | Infarm Fruit & Vegetable - Markets & Stores · led at Series A, 2018 | Series D Dec 2021 $200M | $299M | $61.9M – $986M | $289M (-3%) | $102M | 59% | 147 | flat | D | |
| 14 | Dream Games Tech Companies · since Seed, 2019 | Private Equity Dec 2025 $2.50B | $2.9B | $399M – $5.4B | $2.8B (-1%) | $648M | 0% | 472 | up | D | |
| 15 | Modsy Tech Companies · since Series A, 2016 | Series C May 2019 $37M | $3.00M | $0 – $3.00M | $3.00M (0%) | – | 100% | 70 | down | dead | |
| 16 | ChiperOS Tech Companies · since Series A, 2020 | Series A Oct 2020 $12M | $44.6M | $5.58M – $165M | $43.7M (-2%) | $21.4M | 58% | 392 | flat | D | |
| 17 | Tech Companies · led at Series E, 2024 | Series E Nov 2024 $175M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $318M | 0% | 1,055 | up | B | |
| 18 | Tech Companies · since Series B, 2023 | Series C Nov 2024 $200M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $317M | 0% | 2,415 | up | B | |
| 19 | Tech Companies · led at Series B, 2026 | Series B Mar 2026 $110M | $1.3B | $869M – $1.8B | $1.6B (+21%) | $175M | 0% | 218 | growing | B | |
| 20 | Tech Companies · led at Series A, 2021 | Series B Oct 2021 $125M | $60.7M | $23.4M – $163M | $59.6M (-2%) | $54.8M | 97% | 80 | shrinking | C | |
| 21 | Utility companies · led at Growth, 2025 | Series B Jun 2026 $29M | $223M | $125M – $435M | $286M (+28%) | $34.2M | 0% | – | unknown | C | |
| 22 | Art & Music Publishers · since Series D, 2017 | Acquisition May 2026 $1.00B | $448M acquired 2022 | $60.6M – $1.4B | – | – | 44% | 550 | flat | D | |
| 23 | Tech Companies · led at Series A, 2019 | Acquisition Jan 2026 $285M | $73.1M acquired 2026 | $35.0M – $259M | – | – | 97% | 84 | shrinking | D | |
| 24 | Tech Companies · led at Series A, 2016 | Series C Jul 2020 $50M | $340M | $30.9M – $617M | $328M (-4%) | $68.3M | 17% | 508 | flat | D | |
| 25 | Tech Companies · led at Series B, 2015 | Series C Nov 2018 $50M | $325M | $22.3M – $761M | $325M (0%) | $65.0M | 15% | 452 | unknown | D | |
| 26 | Tech Companies · since Series B, 2019 | Series C Apr 2022 $47M | $51.2M | $25.0M – $185M | $44.9M (-12%) | $45.6M | 97% | 98 | shrinking | D | |
| 27 | Tech Companies · led at Series A, 2024 | Series B Dec 2025 $33M | $320M | $162M – $490M | $345M (+8%) | $41.4M | 0% | 215 | growing | B | |
| 28 | Tech Companies · since Series B, 2020 | Series B Dec 2020 $44M | $679M | $148M – $1.1B | $679M (0%) | $83.1M | 0% | 725 | growing | D | |
| 29 | Tech Companies · led at Series A, 2026 | Series A Oct 2026 $32M | $213M | $147M – $534M | $376M (+77%) | $52.7M | 0% | 70 | growing | C | |
| 30 | Tech Companies · led at Series A, 2026 | Series A May 2026 $30M | $240M | $156M – $417M | $363M (+51%) | $55.3M | 0% | 65 | growing | B | |
| 31 | Tech Companies · led at Series B, 2024 | Series B Jul 2024 $20M | $227M | $47.5M – $345M | $161M (-29%) | $25.0M | 0% | 48 | flat | C | |
| 32 | Tech Companies · led at Series A, 2024 | Series A Apr 2024 $27M | $80.5M | $37.1M – $280M | $45.5M (-43%) | $35.6M | 97% | 41 | down | D | |
| 33 | Tech Companies · led at Series A, 2021 | Series A Jul 2021 $25M | $23.3M | $7.02M – $190M | $21.6M (-7%) | $27.4M | 97% | 52 | down | D | |
| 34 | Tech Companies · since Series A, 2023 | Series B Jun 2024 $21M | $266M | $134M – $377M | $225M (-15%) | $29.2M | 0% | 86 | growing | B | |
| 35 | Musical Instruments & Music Stores · since Series B, 2016 | Series B May 2016 $27M | $92.1M | $6.49M – $169M | $92.1M (0%) | $21.5M | 0% | 240 | flat | D | |
| 36 | Tech Companies · led at Series A, 2026 | Series A Sep 2026 $21M | $124M | $77.2M – $322M | $212M (+71%) | $29.6M | 0% | 46 | growing | C | |
| 37 | Tech Companies · led at Series A, 2018 | Series B Apr 2020 $15M | $10.3M | $5.67M – $27.7M | $10.3M (0%) | $15.9M | 97% | 15 | shrinking | C | |
| 38 | Tech Companies · led at Series A, 2021 | Series A May 2021 $19M | $16.7M | $5.03M – $171M | $14.6M (-12%) | $24.6M | 97% | 38 | down | D | |
| 39 | Tech Companies · led at Seed, 2022 | Seed Oct 2022 $8.3M | $67.8M | $18.3M – $111M | $67.8M (0%) | $15.3M | 0% | 38 | growing | C | |
| 40 | Tech Companies · since Series A, 2015 | Series A Jun 2015 $7.0M | $9.36M | $1.29M – $30.5M | $9.36M (0%) | $4.62M | 54% | 71 | flat | D | |
| 41 | Tech Companies · led at Series A, 2018 | Series A Apr 2018 $8.0M | $23.9M | $1.75M – $88.2M | $23.9M (0%) | $11.2M | 30% | 7 | unknown | D | |
| 42 | Tech Companies · led at Series A, 2014 | Series A Mar 2014 $8.0M | $44.4M | $2.92M – $67.6M | $44.4M (0%) | $11.2M | 0% | 226 | flat | D | |
| 43 | Tech Companies · led at Series A, 2017 | Series A Jan 2017 $7.0M | $21.7M | $2.56M – $88.0M | $21.7M (0%) | $9.80M | 64% | 38 | flat | D | |
| 44 | Payment Processing & Point of Sale · led at Seed, 2022 | Seed Jun 2022 $5.5M | $10.8M | $2.43M – $76.6M | $9.71M (-10%) | $11.0M | 95% | 28 | down | D | |
| 45 | Psychologists & Counseling Services · since Seed, 2020 | Seed May 2020 $4.0M | $34.5M | $2.71M – $67.5M | $32.9M (-5%) | $9.60M | 3% | 35 | up | D | |
| 46 | Tech Companies · led at Series A, 2017 | Series A Nov 2017 $2.8M | $6.89M | $0.92M – $26.1M | $6.89M (0%) | $3.86M | 97% | 9 | shrinking | D | |
| 47 | Tech Companies · led at Seed, 2017 | Seed Sep 2017 $2.5M | $9.61M | $0.60M – $37.5M | $9.40M (-2%) | $3.60M | 47% | 29 | flat | D | |
| 48 | Tech Companies · led at Seed, 2019 | Seed Oct 2019 $1.6M | $19.8M | $0.65M – $30.2M | $19.8M (0%) | $3.89M | 0% | 1 | unknown | D | |
| 49 | Tech Companies · since Seed, 2021 | Seed Oct 2021 $1.6M | $20.0M | $0.83M – $50.0M | $20.2M (+1%) | $3.78M | 28% | 120 | up | D | |
| 50 | Food delivery · since Series D, 2020 | Acquisition Nov 2021 $8.00B | $4.4B acquired 2021 | $2.5B – $6.6B | – | – | 0% | 1,200 | flat | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Balderton Capital invests: stages, industries and countries
Most of its rounds are Series A (30%). Its companies span 48 industries, most in Tech Companies, Clothing Stores and Payment Processing & Point of Sale, across 28 countries.
Rounds by stage
- Pre-seed 1
- Seed 23
- Series A 65
- Series B 64
- Series C and later 64
Investments by industry
- Tech Companies 66
- Clothing Stores 7
- Payment Processing & Point of Sale 4
- Software Development Services 4
- Aerospace and Defence 3
- Biotechnology 3
- Cryptocurrency 3
- Data Solutions 3
Investments by country
- United Kingdom 39
- United States 30
- Germany 18
- France 14
- Sweden 9
- Netherlands 4
Recent rounds
Balderton Capital's latest investments
Balderton Capital's most recent funding rounds, newest first. 23 rounds in the last 12 months.
- Series A, led $32M 14 Oct 2026
- Series B $36M 9 Oct 2026
- Series A, led $21M 22 Sep 2026
- Series C $270M 15 Sep 2026
- The Exploration Company Series C $450M 8 Sep 2026
- Series A $50M 2 Sep 2026
- Lovable Series C $400M 12 Aug 2026
- Proxima Fusion Growth $468M 7 Jul 2026
- Quantum Systems Series D $1.20B 2 Jul 2026
- Series C $110M 24 Jun 2026
Co-investors
Balderton Capital's top co-investors
The investors that most often join the same rounds as Balderton Capital. Index Ventures leads, with 22 rounds together.
- Index Ventures 22 rounds together
- Accel 16 rounds together
- 11 rounds together
- HV Capital 11 rounds together
- Y Combinator 11 rounds together
- General Catalyst 11 rounds together
- Speedinvest 9 rounds together
- 9 rounds together
- 9 rounds together
- Monashees 9 rounds together
About
About Balderton Capital
Balderton Capital (UK) LLP is a British limited liability partnership that operates as a venture capital firm, providing investment services and support to technology and internet startups in Europe. The company manages early and growth stage funds, with a focus on sectors such as AI, cybersecurity, digital health, fintech, and sustainable technology. In addition to its core investment activities, Balderton Capital offers founder support services, including executive coaching and peer-to-peer support, and maintains offices in London, Paris, and Berlin.
Description from Veridion's company data.
- Founded
- 2000
- Based in
- London, United Kingdom
- Team
- 93 people, +7% in a year
- Type
- Venture capital firm
Focus markets
- Technology
- AI & Machine Learning
- Consumer
- Cybersecurity
- Digital Health
- Enterprise
- Fintech
- Marketplaces
- Sustainable Tech
What Balderton Capital offers
- Venture Capital Investment Services
- Early-Stage Technology Investment Services
- Growth-Stage Technology Investment Services
- Technology Sector Investment Services
- AI and Machine Learning Company Investment Services
- Fintech and Marketplace Company Investment Services
- Cybersecurity and Digital Health Company Investment Services
- Sustainable Technology Company Investment Services
Questions
Balderton Capital: frequently asked questions
How many companies has Balderton Capital invested in?
140 venture-backed companies on VCMC, across 217 funding rounds.
What are Balderton Capital's most valuable private companies?
Revolut ($78.1B), Lovable ($14.0B), Quantum Systems ($8.8B), by VCMC's valuation.
What was Balderton Capital's latest investment?
Duvo, a Series A round in Oct 2026 of $32M, which Balderton Capital led.
Which stages does Balderton Capital invest in?
Balderton Capital invests most often at Series A (65 rounds), followed by Series B (64) and Series C and later (64). It has also joined 23 seed and 1 pre-seed rounds.
What is Balderton Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $154.3B together. That is the sum of the companies' values, not what Balderton Capital owns.
Who does Balderton Capital invest alongside?
Index Ventures (22 rounds), Accel (16 rounds), Creandum (11 rounds).