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January 20, 2014 02:00 am GMT

Blinkx Founder Chandratillake Becomes Balderton Capital Partner, As Maloney Steps Back

surThe London VC community has been buzzing with rumors since the end of last year about one particular firm and its next moves. That firm is Balderton Capital, considered one of the few, large VC firms in Europe, with more than $1.9 billion of committed capital. Balderton was one of the main beneficiaries of the $850 million exit of Bebo to AOL, and now counts firms such as Tictail, Qubit and Vestiaire Collective in its wide portfolio. Baldertons last fund Fund IV closed in 2009 at just over $480 million. In its VC peer group, Accel Europe raised 359m in 2013 and has 1.5bn funds under management, while Index Ventures has 2.5bn under management and last raised its 350m fund in 2012. These funds are playing up and down the spectrum, from early to late stage. The question was, what was Balderton's next play? Well, tonight it confirmed the rumors: one partner is taking a step back, another joins and the firm is now 'doubling down' to become a 'mainly Series A' VC in Europe - an equity gap which badly needs filling.

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