Balderton Capital

VC Firm·London, UK·$1.3B (Fund IX, 2024); ~$5B lifetime AUM

Balderton Capital is a London-based venture capital firm founded in 2000, investing exclusively in European startups from seed through Series B. The firm backs ambitious founders building category-defining technology companies, with a focus on software, AI, fintech, and deep tech. Balderton has raised over $5 billion across its funds and has backed notable companies including Revolut, Citymapper, and GoCardless. The firm is one of Europe's largest and most established early-stage venture investors.

Focus Areas

Enterprise SoftwareAI/MLFintechHealth TechConsumer TechnologyClimate TechCybersecurity

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Portfolio

1 company in our directory

Proxima Fusion

Hiring

Energy·Series A

Proxima Fusion was founded in April 2023 as a spin-out from the Max Planck Institute for Plasma Physics, bringing together scientists and engineers from IPP, MIT, and X Development. Co-founded by Dr Francesco Sciortino (CEO, PhD in plasma physics from MIT) and Dr Lucio Milanese (COO, PhD in theoretical plasma physics from MIT, formerly McKinsey), the company is developing quasi-isodynamic stellarators combined with high-temperature superconducting magnets to build the world's first commercial stellarator fusion power plant. Proxima has partnered with RWE and the Free State of Bavaria on a planned €2B facility near Munich. The company has raised €200M to date, including a Series A led by Cherry Ventures and Balderton Capital with participation from Lightspeed Venture Partners, Plural, and others. Proxima maintains a UK presence at the Culham Campus and a London-registered entity.