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Balderton Capital

Venture Capital · Founded 2000 · London, United Kingdom

#59 Investor Ranking 2026 Top 0.5% of investors worldwide

Venture firm with a multi-stage approach and over twenty years of expertise in aiding European founders from the initial seed stage through to IPO

281 Portfolio companies+26% in 5 years
39 Unicorns
3 Decacorns
578 Investments
Jul 2026 Last investment
02 · Biggest holdings

Balderton Capital’s biggest current holdings.

Balderton Capital is a named shareholder in 18 companies. Dealroom estimates those stakes are worth about $10.7B in total — the disclosed percentage × each company’s latest valuation. The 12 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 RevolutFintech · Decacorn 7.2% $115B $8.3B
  2. 2 Quantum SystemsSecurity · Unicorn 9% $7.7B $693M
  3. 3 LendableFintech · Unicorn 12% $4.8B $570M
  4. 4 WayveTransportation · Unicorn 3.17% $8.6B $273M
  5. 5 CleoFintech · Unicorn 13.94% $1.0B $139M
  6. 6 PrimerFintech · Colt 20.1% $600M $121M
  7. 7 6% $1.7B $103M
  8. 8 5% $1.7B $85M
  9. 9 4% $1.9B $76M
  10. 10 5.5% $1.2B $66M
  11. 11 3% $2.0B $60M
  12. 12 8.02% $726M $58M

Showing the 12 largest of 18 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Balderton Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Balderton Capital also appears inside investor groups in Zopa, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

03 · Exits

Balderton Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Balderton Capital’s transaction record.

IPO · 2010
Entered Series B+Now $30BGaming
$5.9B IPO · 2020
Entered Series ANow $1.2BFashion
$286M IPO · 2009
Entered Series ANow $5.5BFashion
$2.2B IPO · 2021
Now $5.3BSecurity
GCL System Integration Technology
$5.0B IPO · 2014
Now $2.3BEnergy
$226M IPO · 2015
Entered Series ANow $4.7BTelecom
IPO · 2007
Entered SeedNow $3.9BEnergy
$3.5B IPO · 2021
Now $1.9BFintech
$2.6B IPO · 2021
Entered Series B+Now $662MTelecom
$760M IPO · 2016
Entered Series B+Now $2.4BEnterprise Software
$1.8B IPO · 2010
Entered Series ANow $455MSports
$1.6B acquisition · 2021
Entered SeedFashion
04 · Portfolio analysis

Where Balderton Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 281 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. UK102
  2. USA77
  3. Germany35
  4. France21
  5. Sweden12
  6. Ireland11
  7. Finland6
  8. Switzerland6
  9. Denmark5
  10. Netherlands5
  11. China3
  12. Hong Kong3
By sectorCount
  1. Enterprise Software77
  2. Fintech51
  3. Media31
  4. Marketing25
  5. Health22
  6. Security22
  7. Telecom18
  8. Food17
  9. Energy14
  10. Fashion14
  11. Transportation13
  12. Gaming11
By stage enteredCount
  1. Series A146
  2. Series B+78
  3. Seed60
By growth stageCount
  1. Breakout Stage130
  2. Late Growth104
  3. Early Growth77
  4. Mature5
05 · Portfolio market map

Inside Balderton Capital’s portfolio.

The 60 highest-funded portfolio companies, of 281 tracked.

Revolut
Fintech · Centicorn
$115B
Wayve
Robotics · Unicorn
$8.6B
Quantum Systems
Security · Unicorn
$7.7B
Zopa
Fintech · Unicorn
$1.1B
Graphcore
Semiconductors · Unicorn
$2.4B
Proxima Fusion
Energy · Unicorn
$2.6B
Vestiaire Collective
Fashion · Unicorn
$1.7B
GoCardless
Fintech · Unicorn
$1.2B
Frontier Car Group
Transportation
$700M
Scalable Capital
Fintech · Unicorn
$1.7B
eir Sports
Sports
JOKR
Food
$800M
The Hut Group
Fashion · Unicorn
$1.2B
Voi
Transportation
$375M
Omio
Travel
$40M
Infarm
Food
Kobalt Music
Music
$484M
Dream Games
Gaming · Unicorn
$5.0B
Merama
Marketing · Unicorn
$1.2B
GCL System Integration Technology
Energy · Unicorn
$2.3B
Kong
Enterprise Software · Unicorn
$2.0B
Contentful
Media · Unicorn
$1.3B
Writer
Media · Unicorn
$1.9B
Flywire
Fintech · Unicorn
$1.9B
Tibber
Energy
$484M
Matillion
Enterprise Software · Unicorn
$1.5B
Lendable
Fintech · Unicorn
$4.8B
Coro
Security
$400M
Wonga
Fintech
$480M
Sophia Genetics
Health
$598M
Darktrace
Security · Unicorn
$5.3B
Carwow
Transportation
$208M
Icera
Telecom
$45M
Aircall
Telecom · Unicorn
$1.0B
Premialab HK
Fintech
$880M
Stream
Fintech
$360M
Vivino
Food
$700M
The Exploration Company
Space
$495M
McMakler
Real Estate
$440M
Exein
Security
$770M
Zego
Fintech · Unicorn
$1.1B
Tabula
Semiconductors
$432M
Beauty Pie
Wellness Beauty
$400M
Lyst
Fashion
$154M
VanMoof
Transportation
Taktile
Fintech
$440M
CTERA Networks
Enterprise Software
$120M
NoTraffic
Transportation
$360M
Dash0
Enterprise Software · Unicorn
$1.0B
Hubilo Softech
Event Tech
$500M
Nutmeg
Fintech · Unicorn
$1.0B
Fuse Energy
Energy
$120M
Labster
Health
$300M
Scytl
Security
Attio
Marketing
$208M
Cleo
Fintech · Unicorn
$1.0B
Healx
Health
$188M
Ramp
Fintech
$280M
Funnel
Marketing
$251M
Tessian
Security
$500M
06 · Portfolio founders

Where Balderton Capital’s portfolio founders come from.

194 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United Kingdom62
  2. Germany34
  3. United States22
  4. Sweden14
  5. France12
  6. Türkiye8
  7. Israel6
  8. Denmark5
  9. Netherlands5
  10. Mexico3
UniversityCount
  1. University of Cambridge13
  2. University of Oxford11
  3. Technical University Munich10
  4. Harvard University9
  5. Harvard Business School8
  6. Massachusetts Institute of Technology6
  7. KTH Royal Institute of Technology5
  8. London School of Economics and Political Science5
  9. Tel Aviv University5
  10. IE Business School3
Previous companyCount
  1. Boston Consulting Group11
  2. McKinsey & Company10
  3. Goldman Sachs6
  4. Microsoft6
  5. Bain & Company5
  6. Instana4
  7. Airbus3
  8. Balderton Capital3
  9. Delivery Hero3
  10. Good Job Games3