DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Balderton Capital
Balderton Capital
In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.
corporate parent: self-described
Importance
66
high
Active deployment
55
elevated
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- London, United Kingdomadviserinfo.sec.gov
- Office address
- THE STABLES, 28 BRITANNIA STREET, London, WC1X 9JFadviserinfo.sec.gov
- Business phone
- 44 (0) 20 7016 6800adviserinfo.sec.gov
- Website
- HTTP://WWW.BALDERTON.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 25, 2024
- Private funds reported
- 15 (15 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $6.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 44 (0) 20 7016 6800adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
30 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech, climate, deep tech, space, devtools, data infrastructure, logistics, gaming
- Stages
- seed, series a, series b
- Geography
- europe, france, germany, uk
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- corporate venture
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 30
Funds and vehicles
21 reported, 6 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Balderton Capital IX, S.L.P | Fund | 2024 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| Balderton Capital Growth II, S.L.P | Growth fund | 2024 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| Balderton Capital Growth I Z, S.L.P. | Growth fund | 2023 form d first sale | Active deployment | $783M Sep 14, 2026 | 126 | $652M | Jul 26, 2024 |
| Balderton Capital Viii Z, S.L.P. | Fund | 2023 form d first sale | Active deployment | $687M Sep 14, 2026 | 114 | $602M | Jul 26, 2024 |
| Balderton Capital Viii, S.L.P. | Fund | 2022 adv first reported | Active deployment | $1.0B Sep 14, 2026 | 86 | $0 | Oct 28, 2021 |
| Balderton Capital Growth I, S.L.P. | Growth fund | 2022 adv first reported | Active deployment | $744M Mar 25, 2024 | 138 | unknown | unknown |
| Balderton Capital Growth Ia, S.L.P. | Growth fund | 2022 adv first reported | Active deployment | $6.4M Sep 14, 2026 | 10 | $0 | Apr 21, 2021 |
| Balderton Capital Viii a, S.L.P. | Fund | 2022 adv first reported | Active deployment | $4.4M Sep 14, 2026 | 13 | $0 | Nov 10, 2021 |
| Balderton Capital VII Ec, S.L.P. | Fund | 2020 adv first reported | Mature | $1.6M Mar 25, 2024 | 4 | $0 | Oct 29, 2019 |
| Balderton Capital VII, S.L.P. | Fund | 2019 form d first sale | Mature | $487M Sep 14, 2026 | 64 | $90.8M | Nov 27, 2019 |
| Balderton Capital Sfi, S.L.P. | Fund | 2019 adv first reported | Mature | $178M Sep 14, 2026 | 43 | $0 | Jul 23, 2018 |
| Balderton Capital VI, S.L.P. | Fund | 2018 adv first reported | Harvest | $621M Sep 14, 2026 | 46 | $0 | Mar 29, 2017 |
| Balderton Capital VI Ec, S.L.P. | Fund | 2017 form d first sale | Harvest | $8.2M Sep 14, 2026 | 12 | $2.6M | Nov 6, 2017 |
| Balderton Capital V, L.P. | Fund | 2013 form d first sale | Harvest | $3.5B Sep 14, 2026 | 24 | $305M of $305M | Apr 1, 2014 |
| Balderton Capital IV, L.P. | Fund | unknown | Unknown | $317M Mar 25, 2024 | 47 | unknown | unknown |
| Gaia Investments, S.L.P. | Fund | unknown | Unknown | $235M Sep 14, 2026 | 3 | $0 | Sep 26, 2024 |
| Balderton Capital III, L.P. | Fund | unknown | Unknown | $5.8M Mar 25, 2024 | 41 | unknown | unknown |
| Balderton Capital Growth II A, S.L.P. | Growth fund | unknown | Unknown | $2.4M Sep 14, 2026 | 21 | $0 | Oct 17, 2024 |
| Balderton Capital IX A, S.L.P. | Fund | unknown | Unknown | $2.1M Sep 14, 2026 | 21 | $0 | Oct 17, 2024 |
| Balderton Capital Founders' Fund III, L.P. | Fund | unknown | Unknown | $254,047 Mar 25, 2024 | 21 | unknown | unknown |
| Ornis Investments, S.L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 | Oct 7, 2025 |
| Balderton Capital II, L.P. | Fund | unknown | Wound down | $7.2M Mar 30, 2021 | 50 | unknown | unknown |
| Balderton Capital I, L.P. | Fund | unknown | Wound down | $2.5M Mar 30, 2020 | 55 | unknown | unknown |
| 8923 | Fund | unknown | Wound down | $883,384 Mar 30, 2021 | 27 | unknown | unknown |
| Balderton Capital Founders' Fund I, L.P. | Fund | unknown | Wound down | $342,902 Mar 30, 2020 | 70 | unknown | unknown |
| Balderton Capital Founders' Fund I-A, L.P. | Feeder or parallel | unknown | Wound down | $107,519 Mar 30, 2020 | 37 | unknown | unknown |
| Balderton Capital Slp Fund I, L.P. | Fund | unknown | Wound down | $99,307 Mar 30, 2020 | 8 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
20 current, 11 departed
Balderton Launched
Founder or executiveFounder spotlights
Programme Overview
Founder or executiveFounder Survey
Adrian George Rainey
PartnerMember · since Sep 1, 2021
Adrian George Rainey
PartnerMember · since Sep 1, 2021
Bernard Dominique Liautaud
PartnerMember · since Sep 1, 2008
Bernard Dominique Liautaud
PartnerMember · since Sep 1, 2008
Daniel Waterhouse
PartnerMember · since Dec 1, 2013
Daniel Waterhouse
PartnerMember · since Dec 1, 2013
James Wise
PartnerMember · since Apr 1, 2016
James Wise
PartnerMember · since Apr 1, 2016
Rana Yared
PartnerMember · since Aug 1, 2020
Rana Yared
PartnerMember · since Aug 1, 2020
Robert Warriner Moffat
PartnerMember · since Apr 1, 2016
Robert Warriner Moffat
PartnerMember · since Apr 1, 2016
Suranga Chandratillake
PartnerMember · since May 1, 2014
Suranga Chandratillake
PartnerMember · since May 1, 2014
Danny Robert Bloom
Platform and operationsHead Of Legal · since Oct 1, 2022
Danny Robert Bloom
Platform and operationsHead Of Legal · since Oct 1, 2022
Fiona Jane Blakemore
Platform and operationsChief Financial Officer · since Jan 1, 2020
Fiona Jane Blakemore
Platform and operationsChief Financial Officer · since Jan 1, 2020
11 departed (kept with end dates)
- Colin Daymond Hanna · Member · Sep 1, 2021 to Mar 31, 2026 Fact
- David Thevenon · Member · May 1, 2020 to Mar 31, 2026 Fact
- Dharmash Pravin Mistry · Member · Jul 1, 2008 to Mar 11, 2013 Inference
- Finbar Jude Barry Maloney · Member · Feb 1, 2004 to Dec 22, 2014 Inference
- Jerome Jude Misso · Member · Jul 1, 2004 to Mar 30, 2022 Inference
- Lars Fjeldsoe-Nielsen · Member · Nov 1, 2015 to Mar 30, 2022 Inference
- Roberto Bonanzinga · Member · Oct 1, 2008 to Mar 24, 2016 Inference
- Timothy Brian Bunting · Member · Jan 1, 2008 to Mar 30, 2022 Inference
- William Mark Evans · Member · Feb 1, 2004 to Mar 24, 2016 Inference
- Alison Mary Brownhill · Chief Financial Officer · Sep 1, 2008 to Mar 30, 2020 Inference
- Andrew Wigfall · Chief Legal Officer · Jul 1, 2018 to Mar 30, 2023 Inference
Investments on record
30 edges, 29 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
24 relationships from shared deals, counted for the whole firm
Index Ventures Sa 3 shared · recurringAccel 2 shared · recurringVenrex Investment Management LLP 2 shared · recurringAlkeon Capital Management, LLC 1 shared · one timeValor Growth Management LLC 1 shared · one timePledge Ventures Ltd 1 shared · one timeCompound Advisors, LLC 1 shared · one timeTarget Global Selected Opportunities LP 1 shared · one timeAIR Street Capital II LP 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timePrepublic Equity Partners 1 shared · one timeNotion Capital 1 shared · one timePoint Nine 1 shared · one timeFJ Labs 1 shared · one timeNyca Management LLC 1 shared · one timeH.I.G. Capital, LLC 1 shared · one timeNotation Capital Management, LLC 1 shared · one timeG Squared Equity LLC 1 shared · one timeHV Capital 1 shared · one timePillar Companies Management, LLC 1 shared · one timeHeadline 1 shared · one timeEclipse Ventures, LLC 1 shared · one timeProject a 1 shared · one timeCRV, LLC 1 shared · one time
Limited partners
4 disclosed
- California Public Employees' Retirement System in Gaia Investments, S.L.P. $200M calpers.ca.gov
- California Public Employees' Retirement System $56.0M calpers.ca.gov
- California Public Employees' Retirement System in Balderton Capital Growth II, S.L.P $63.0M calpers.ca.gov
- California Public Employees' Retirement System in Balderton Capital IX, S.L.P $56.0M calpers.ca.gov
Timeline
54 dated events
- Sep 16, 2026Balderton Capital: MULTI_STAGE_VC -> CORPORATE_VENTURE (corporate parent: self-described)Classification changedClassificationInferenceno URL
- Mar 31, 2026Colin Daymond Hanna (Member) no longer on Schedule A of Balderton CapitalPerson leftPeopleInferenceColin Daymond HannaIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Mar 31, 2026David Thevenon (Member) no longer on Schedule A of Balderton CapitalPerson leftPeopleInferenceDavid ThevenonIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Dec 31, 2025CalPERS reports Balderton Capital IX, S.L.P.: $56,000,000 committed, vintage 2024
- Dec 31, 2025CalPERS reports Balderton Capital Growth II, S.L.P.: $63,000,000 committed, vintage 2024
- Mar 25, 2024Balderton Capital Growth I Z, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $459,298,980Fund first reported on Form ADVFundsFactBalderton Capital Growth I Z, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2024Balderton Capital Viii Z, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $445,501,000Fund first reported on Form ADVFundsFactBalderton Capital Viii Z, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Andrew Wigfall (Chief Legal Officer) no longer on Schedule A of Balderton Capital
- Oct 1, 2022Danny Robert Bloom joined Schedule A of Balderton Capital as Head Of Legal
- Mar 30, 2022Balderton Capital Growth I, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $717,266,778Fund first reported on Form ADVFundsFactBalderton Capital Growth I, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20222801 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInferenceBalderton Capital II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Balderton Capital Viii, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $595,720,582Fund first reported on Form ADVFundsFactBalderton Capital Viii, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Balderton Capital Viii a, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $2,800,077Fund first reported on Form ADVFundsFactBalderton Capital Viii a, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Balderton Capital Growth Ia, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $6,202,258Fund first reported on Form ADVFundsFactBalderton Capital Growth Ia, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20228923 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInference8923SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Jerome Jude Misso (Member) no longer on Schedule A of Balderton Capital
- Mar 30, 2022Timothy Brian Bunting (Member) no longer on Schedule A of Balderton Capital
- Mar 30, 2022Lars Fjeldsoe-Nielsen (Member) no longer on Schedule A of Balderton Capital
- Sep 1, 2021Adrian George Rainey joined Schedule A of Balderton Capital as Member
- Sep 1, 2021Colin Daymond Hanna joined Schedule A of Balderton Capital as Member
- Mar 30, 20216604 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInferenceBalderton Capital Founders' Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20210924 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInferenceBalderton Capital Founders' Fund I-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20211455 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInferenceBalderton Capital Slp Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20213364 no longer reported on Form ADV by Balderton CapitalFund no longer reportedFundsInferenceBalderton Capital I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 1, 2020Rana Yared joined Schedule A of Balderton Capital as Member
- May 1, 2020David Thevenon joined Schedule A of Balderton Capital as Member
- Mar 30, 2020Alison Mary Brownhill (Chief Financial Officer) no longer on Schedule A of Balderton Capital
- Mar 30, 2020Balderton Capital VII, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $395,848,274Fund first reported on Form ADVFundsFactBalderton Capital VII, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Balderton Capital VII Ec, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $1,304,812Fund first reported on Form ADVFundsFactBalderton Capital VII Ec, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2020Fiona Jane Blakemore joined Schedule A of Balderton Capital as Chief Financial Officer
- Mar 27, 2019Balderton Capital Sfi, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $147,559,092Fund first reported on Form ADVFundsFactBalderton Capital Sfi, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 1, 2018Andrew Wigfall joined Schedule A of Balderton Capital as Chief Legal Officer
- Mar 28, 2018Balderton Capital VI Ec, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $4,801,000Fund first reported on Form ADVFundsFactBalderton Capital VI Ec, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2018Balderton Capital VI, S.L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $364,107,536Fund first reported on Form ADVFundsFactBalderton Capital VI, S.L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2016Robert Warriner Moffat joined Schedule A of Balderton Capital as Member
- Apr 1, 2016James Wise joined Schedule A of Balderton Capital as Member
- Mar 24, 2016William Mark Evans (Member) no longer on Schedule A of Balderton Capital
- Mar 24, 2016Roberto Bonanzinga (Member) no longer on Schedule A of Balderton Capital
- Nov 1, 2015Lars Fjeldsoe-Nielsen joined Schedule A of Balderton Capital as Member
- Dec 22, 2014Finbar Jude Barry Maloney (Member) no longer on Schedule A of Balderton Capital
- May 1, 2014Suranga Chandratillake joined Schedule A of Balderton Capital as Member
- Mar 31, 2014Balderton Capital V, L.P. first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $305,000,000Fund first reported on Form ADVFundsFactBalderton Capital V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2013Daniel Waterhouse joined Schedule A of Balderton Capital as Member
- Mar 11, 2013Dharmash Pravin Mistry (Member) no longer on Schedule A of Balderton Capital
- Mar 30, 2012Balderton Capital first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20121455 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $7,766,811Fund first reported on Form ADVFundsFactBalderton Capital Slp Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20122801 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $71,436,860Fund first reported on Form ADVFundsFactBalderton Capital II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20126604 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $34,483,587Fund first reported on Form ADVFundsFactBalderton Capital Founders' Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20120924 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $8,954,705Fund first reported on Form ADVFundsFactBalderton Capital Founders' Fund I-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20124219 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $19,801,411Fund first reported on Form ADVFundsFactBalderton Capital Founders' Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20129425 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $550,557,460Fund first reported on Form ADVFundsFactBalderton Capital IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20128923 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $5,056,969Fund first reported on Form ADVFundsFact8923SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20123364 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $235,021,098Fund first reported on Form ADVFundsFactBalderton Capital I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 20124406 first reported on Form ADV by Balderton Capital (Venture Capital Fund), GAV $543,922,673Fund first reported on Form ADVFundsFactBalderton Capital III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 16, 2026Corporate venture (confirmed, 95%, cls-1)corporate parent: self-described
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $8,612M
- Sep 14, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $7,756M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $6,612M
Evidence
39 observations from 3 sources