Following our Fund VI announcement in November of 2017, we’ve seen vibrant activity levels. Eleven new companies have already joined that fund: Dinghy, Funnel, Furhat Robotics, HIYA, Infarm, Labster, Luno, Mojiworks, Peakon, SOPHiA Genetics and Virtuo.
Our portfolio as a whole raised over $2BN in follow-on funding last year, and, just since November of 2017 alone, four further companies have raised more than $20M each: Contentful, Depop, Recorded Future and Vivino.
Our investments from Fund VI have been spread across Europe: Berlin, Copenhagen, Guildford, London, Paris, Stockholm and Saint-Sulpice, Switzerland. They have also spanned a range of sectors: gaming, health, analytics, transportation, insurance, blockchain, robotics, agritech and education.
We're seeing an increase in deal sizes in Europe, a trend we attribute to the vision of European founders and the scope and opportunity size of their ambition. Their startups are growing bigger, faster, and need capital to fuel that growth. Plus, there are more successful technology companies flourishing from a European base, and that has led to higher demand for later-stage funding. We see this trend continuing, and it's a positive signal overall for the growth of European tech.
Our new team members arrive at an exciting time for Balderton and for Europe’s technology sector.