Revolut is 78% of Balderton’s $10.7B in estimated holdings
Each wedge is Dealroom’s estimate of one disclosed stake: the shareholding percentage at the company’s latest valuation. The public profile names the 6 biggest of 18; the other 12 are grouped.
Revolut — 7.2% of $115B, about $8.3B (77.6% of the book) Quantum Systems — 9% of $7.7B, about $693M (6.5% of the book) Lendable — 12% of $4.8B, about $570M (5.3% of the book) Wayve — 3.17% of $8.6B, about $273M (2.6% of the book) Cleo — 13.94% of $1.0B, about $139M (1.3% of the book) Primer — 20.1% of $600M, about $121M (1.1% of the book) 12 more holdings — about $604M combined (5.6% of the book) RevolutRevolut77.6%$8.3B est. · 7.2% of $115B Quantum SystemsQuantum Systems6.5%$693M LendableLendable5.3%$570M WayveWayve2.6%$273M 12 moreholdings5.6%≈$604M CleoCleo1.3% · $139MPrimerPrimer1.1% · $121M
    Source: Dealroom.co
    Balderton’s ten biggest exits
    Each row is one company. The blue bubbles are Dealroom’s estimate of what Balderton put into each round it joined, sized on a log scale; the amber bubble is the company’s value at exit. Money out carries that estimate through to the exit price — gross, before fees and carry, and not a realised fund return. Rows with no multiple are the ones the rounds on record do not price.
    2000 2005 2010 2015 2020 2025 The Hut GroupThe Hut GroupIPOThe Hut Group — $5.9B at exit, Sep 2020 An estimated $88M in. The exit stake is not modellable from the rounds on record.$5.9BSeries A · Apr 2010 · an estimated $6M of the $18M roundASeries B · Nov 2010 · an estimated $24M of the $24M roundSeries C · Jun 2011 · an estimated $28M of the $28M roundSeries D · Sep 2011 · an estimated $8M of the $8M roundDSeries D · Aug 2012 · an estimated $5M of the $5M roundSeries E · Jun 2013 · an estimated $16M of the $32M roundE Dream GamesDream GamesCVC Capital Partners bought a $1.3B stakeDream Games — $1.3B paid at a $5B valuation, May 2025 An estimated $63M in for an estimated $688M out, 13.8% of the company at exit. Gross, before fees and carry.$5B$688M out · 10.9×Seed · Nov 2019 · an estimated $4M of the $8M roundSeedSeries A · Feb 2021 · an estimated $10M of the $50M roundSeries B · Jun 2021 · an estimated $17M of the $155M roundBSeries C · Jan 2022 · an estimated $32M of the $255M round FlywireFlywireIPOFlywire — $3.5B at exit, May 2021$3.5BSecondary · Jan 2020Secondary TruecallerTruecallerIPOTruecaller — $2.6B at exit, Oct 2021$2.6BGrowth · Aug 2018Growth DarktraceDarktraceIPODarktrace — $2.2B at exit, Apr 2021$2.2BSecondary · Jan 2018SecondarySecondary · May 2018 BetfairBetfairIPOBetfair — $1.8B at exit, Oct 2010$1.8BOther · Apr 2000RoundGrowth · Jan 2007Growth DepopDepopAcquired by EtsyDepop — $1.6B at exit, Jul 2021 An estimated $14M in for an estimated $237M out, 14.6% of the company at exit. Gross, before fees and carry.$1.6B$237M out · 16.5×Seed · Oct 2013 · an estimated $333K of the $1M roundSeedSeries A · Jan 2015 · an estimated $4M of the $8M roundSeries A · Sep 2016 · an estimated $1M of the $8M roundASeries B · Jan 2018 · an estimated $2M of the $20M roundBSeries C · Jun 2019 · an estimated $7M of the $62M roundC ContentfulContentfulAcquired by SalesforceContentful — $1.3B at exit, Jun 2026 An estimated $13M in for an estimated $185M out, 14.8% of the company at exit. Gross, before fees and carry.$1.3B$185M out · 14.0×Pre-Seed · Jun 2013 · an estimated $480K of the $800K roundPreSeed · Dec 2013 · an estimated $2M of the $3M roundSeries B · May 2016 · an estimated $2M of the $13M roundBSeries C · Dec 2017 · an estimated $5M of the $28M roundCSeries D · Dec 2018 · an estimated $4M of the $32M round GoCardlessGoCardlessAcquired by MollieGoCardless — $1.2B at exit, Dec 2025 An estimated $41M in for an estimated $158M out, 13.0% of the company at exit. Gross, before fees and carry.$1.2B$158M out · 3.8×Series B · Jan 2014 · an estimated $4M of the $7M roundBSeries C · Mar 2016 · an estimated $2M of the $13M roundCSeries D · Sep 2017 · an estimated $4M of the $23M roundDSeries E · Feb 2019 · an estimated $5M of the $75M roundESeries F+ · Feb 2021 · an estimated $26M of the $105M roundF+ Sophia GeneticsSophia GeneticsIPOSophia Genetics — $1.1B at exit, Jul 2021 An estimated $27M in for an estimated $116M out, 10.2% of the company at exit. Gross, before fees and carry.$1.1B$116M out · 4.2×Series D · Sep 2017 · an estimated $15M of the $30M roundDSeries E · Jan 2019 · an estimated $12M of the $74M roundE
    Source: Dealroom.co