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Venture Capital
FINANCE | Investment Firms & Funds
balderton.com

Investments

449

Portfolio Exits

91

Funds

14

Partners & Customers

1

Service Providers

1

About Balderton Capital

Balderton Capital is a venture capital firm. Its investment focuses on many different sectors including enterprise software and services, communications and security, semiconductors, mobile computing, consumer services, plus media and financial services. It was formerly known as Benchmark Capital Europe. It was founded in 2000 and is based in London, United Kingdom.

Headquarters Location

The Stables 28 Britannia Street

London, England, WC1X 9JF,

United Kingdom

+44 (0)20 701 668 00

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Expert Collections containing Balderton Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Balderton Capital in 2 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

20 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.

D

Digital Lending

34 items

This collection contains alternative means for obtaining a loan for personal or business use. Companies included in the application, underwriting, funding, or collection process is included in the collection.

Research containing Balderton Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Balderton Capital in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Balderton Capital News

Lassie raises €23 million led by Balderton Capital to build the future of preventive pet insurance

Nov 28, 2023

Lassie – the world’s first preventive pet insurance ecosystem – has raised €23 million in Series B funding led by Balderton Capital. Previous investors Felix Capital, Inventure, Passion Capital and Philian (H&M Chair Karl-John Persson) also participated in the round, which brings the total raised by Lassie to €36.5M. The funding will be used to develop Lassie’s ecosystem offering, including the in-app sale of health products for pets, grow its tech and product teams, continued momentum in Germany and Sweden and plan the next international launch. Lassie co-founder and CEO Hedda Båverud Olsson was inspired to found the company after growing up with a veterinarian parent who focused on providing preventive care to their beloved family pets to help them avoid sickness. Together with insurance expert, Sophie Wilkinson (a former head of pet insurance at a Nordic insurance company), and technology lead, Johan Jönsson (a full-stack developer with experience at Spotify and King), the team launched Lassie in 2021 in its home country of Sweden, uniquely poised to take on the multi-billion dollar pet insurance market. The startup has already made successful inroads in Sweden as well as Germany where it launched in January this year and is already growing 200% faster than Sweden. Lassie now has more than 60,000 customers on its books, including over 400 dog breeds and over 200 cat breeds. Prevention is better than expensive vet bills Pet insurance has seen little innovation, with owners paying monthly premiums to avoid a large vet bill if a pet becomes sick or needs an operation. Yet the bureaucratic process behind claims and compensation leaves customers frustrated and facing growing premiums year-on-year with little to show for it. While human life and health insurance companies have taken advantage of the advent of big data and analytics to shift focus to preventive health insurance, no one has attempted this in the pet insurance space, until now. Lassie provides bespoke insurance products coupled with coaching for cat and dog owners to learn how to keep happy, healthy and fitter pets. Its app features online courses, including videos and articles advising owners on everything from what foods to avoid, how to reduce stress amongst pets, the best ways to train a new puppy or kitten and accessible exercises. Owners who complete the courses receive rewards every insurance year, from lower premiums (between €25 to €50 cheaper a year) to points they can spend in Lassie’s in-app store. For any queries, owners can connect with Lassie’s support team directly in the app, which also makes it easier to file and settle claims. The booming pet services market Lassie has launched as pet ownership is booming in Europe. Nearly half (46%) of all European households own a pet, following an explosion in dog and cat ownership during the Covid-19 pandemic. Attitudes to pets are changing too – a survey by pet charity Blue Cross found that 95% of respondents view their pets as members of the family, whilst European countries are introducing laws that consider the welfare and rights of pets during divorce and separation. As well, owners are spending a collective €23.5BN annually on related services and products from specialist pet food, to accessories and insurance to ensure their best friends live as long as possible, with adoption rising across Europe including Sweden (68%), UK (30%) and Germany (20%). Over the next 12 months, Lassie is looking to expand to another European country as well as develop its product, including furthering the development of generative AI to automate claims and strengthen its personalisation engine, to better serve its customers and support more healthy pets. Hedda Båverud Olsson, co-founder and CEO, said: “Our four-legged family members are some of the most valuable parts of our lives – they provide love, companionship and happiness. In return, we want to ensure that they have long, happy, and most importantly, healthy lives. This is what we set out to do with Lassie by empowering owners to have all the resources at their fingertips to provide their pets with the care they deserve as well as bespoke insurance should the worst happen. We’re proud of everything we’ve achieved so far but we know there is still much more work to be done and we’re delighted to have the support of Balderton, to help us as we grow further.” Rob Moffat, Partner at Balderton, said: “We’ve long been passionate about the potential for technological disruption in insurance. However, it is a really hard sector to break into and scale up in, with challenges around underwriting, marketing costs and claims operations. As a result, we have been highly selective in our investing and Lassie is our first new insurance investment in the last five years. Hedda and the Lassie team have made it look easy. Lassie’s deep expertise, focus, efficiency and leadership in the space are unparalleled and we’re delighted to be supporting the team on this next phase of growth.” Magda Lukaszewicz, Principal at Balderton, said: “I’ve been keeping an eye on Lassie ever since their founding. The team’s execution is remarkable and they’ve hit metrics we have not seen before in pet insurance. They have a close, digital-first, relationship with the consumer-driven by their preventive health offering, giving Lassie a real platform to go beyond insurance.” People In This Post Funding Event Videos News News Fintech

Balderton Capital Investments

449 Investments

Balderton Capital has made 449 investments. Their latest investment was in Lassie as part of their Series B on November 11, 2023.

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Balderton Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/28/2023

Series B

Lassie

$25M

Yes

1

9/20/2023

Series D

Jokr

$50M

No

3

9/18/2023

Series B

Writer

$100M

Yes

4

8/23/2023

Seed VC

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$99M

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10

8/9/2023

Series B

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$99M

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10

Date

11/28/2023

9/20/2023

9/18/2023

8/23/2023

8/9/2023

Round

Series B

Series D

Series B

Seed VC

Series B

Company

Lassie

Jokr

Writer

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Amount

$25M

$50M

$100M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

3

4

10

10

Balderton Capital Portfolio Exits

91 Portfolio Exits

Balderton Capital has 91 portfolio exits. Their latest portfolio exit was Tessian on October 30, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/30/2023

Acquired

$99M

4

8/31/2023

Asset Sale

$99M

5

7/12/2023

Acq - Talent

$99M

1

6/6/2023

Acquired

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$99M

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10

3/16/2023

Acquired

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$99M

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10

Date

10/30/2023

8/31/2023

7/12/2023

6/6/2023

3/16/2023

Exit

Acquired

Asset Sale

Acq - Talent

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

5

1

10

10

Balderton Capital Acquisitions

1 Acquisition

Balderton Capital acquired 1 company. Their latest acquisition was Codemasters on June 14, 2007.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/14/2007

Series A

$99M

Acq - Fin

1

Date

6/14/2007

Investment Stage

Series A

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

Balderton Capital Fund History

14 Fund Histories

Balderton Capital has 14 funds, including Balderton Fund VIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/17/2021

Balderton Fund VIII

$600M

2

6/10/2021

Balderton Growth I

$680M

3

11/27/2019

Balderton Capital VI, 1A

$90.75M

2

11/12/2019

Balderton Capital VII EC

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$99M

10

10/3/2018

Balderton Liquidity I

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$99M

10

Closing Date

11/17/2021

6/10/2021

11/27/2019

11/12/2019

10/3/2018

Fund

Balderton Fund VIII

Balderton Growth I

Balderton Capital VI, 1A

Balderton Capital VII EC

Balderton Liquidity I

Fund Type

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Status

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Amount

$600M

$680M

$90.75M

$99M

$99M

Sources

2

3

2

10

10

Balderton Capital Partners & Customers

1 Partners and customers

Balderton Capital has 1 strategic partners and customers. Balderton Capital recently partnered with Premialab on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/30/2021

Partner

Hong Kong

Premialab expands to London

The partnership with Balderton Capital will enable growth and the hiring of talent across Premialab 's business development , sales , and marketing teams to accelerate towards its mission of bringing transparency and efficiency to the quant and multi-asset investment universe .

1

Date

3/30/2021

Type

Partner

Business Partner

Country

Hong Kong

News Snippet

Premialab expands to London

The partnership with Balderton Capital will enable growth and the hiring of talent across Premialab 's business development , sales , and marketing teams to accelerate towards its mission of bringing transparency and efficiency to the quant and multi-asset investment universe .

Sources

1

Balderton Capital Service Providers

1 Service Provider

Balderton Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Balderton Capital Team

15 Team Members

Balderton Capital has 15 team members, including , .

Name

Work History

Title

Status

Alexander Bruehl

Founder

Current

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Name

Alexander Bruehl

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Work History

Title

Founder

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Status

Current

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