London based VC firm Balderton has closed its latest fund, targeting early-stage investments.
In Brief:
The fund has been earmarked for seed and Series A investment.
This brings total funds to over $1.2bn.
Balderton has often been seen as one of the most prominent early stage investors in London but recently competition has hotted up, says TechCrunch.
What does this mean?
This is Balderton’s largest ever early-stage investment fund, and was oversubscribed. The firm intends to invest in 25 to 30 companies at seed and Series A and intends to invest further.
