London-based investor Balderton Capital has raised a new $375 million fund to invest in European tech companies.
This is the sixth fund Balderton has raised, bringing its total to $2.6 billion. The money came from existing investors in the company based around the world.
Balderton will focus its investments on early-stage technology firms in Europe. It has invested in mobile games in the past, including NaturalMotion prior to its acquisition by Zynga.
Game-changers
"Europe's technology sector has already produced many game-changing global companies, but we are still waiting for our continent's very own Google, Amazon or Facebook to emerge," says Bernard Liautaud, Balderton Capital's Managing Partner.
"As European startups grow bigger faster, we are convinced that is finally about to change. With growth accelerating - this year to date European companies have attracted more than $12.5bn of venture investments – the continent can now produce and scale tech businesses of global significance."
Balderton Capital most recently invested in UK messenger games start-up Mojiworks. The developer raised $2.75 million overall to develop messenger games and expand its team.