More fintech and crypto for Balderton’s new $600m early-stage venture fund

By Daniel Lanyon on Thursday 18 November 2021

Alternative LendingDigital BankingSavings and Investment

The new fund, Balderton’s second this year, means the VC firm has raised almost $2bn since 2018 and has active investments in more than 100 companies.

More fintech and crypto for Balderton’s new $600m early-stage venture fund
Image source: Balderton

Balderton Capital has raised a $600m fund focused on early-stage companies, its second fund of 2021.

The venture capital firm, which has typically invested more at the Series A stage has been a huge backer of fintech firms including Nutmeg,  ComplyAdvantage, GoCardless and Revolut and has seen 13 of its portfolio companies achieve unicorn status this year.

The new fund will be sector agnostic but Rob Moffat, a partner at Balderton, told AltFi he expects fintech to continue to be an important theme in the early stage fund with crypto becoming more important.

“Fintech has historically been one of our biggest investment areas, 15-20 per cent of our investments.  I expect it to remain so,” he said.

“Crypto I expect to grow, we have made two crypto investments already this year and are in the process on one more,” added.

Balderton Capital is a very different firm than it was 12 months ago. We have not only launched two new funds but have grown and strengthened our team. We have entered a new era in which we will be able to operate at a different pace and with a broader view of when we can support founders” said  Bernard Liautaud, Managing Partner at Balderton Capital added.

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