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Balderton Capital raises $430 million to spend on tech and media investments

By on January 12, 2009

Despite the financial gloom, Balderton has raised $430 million (£282 million) to invest in the media and technology sectors.

Balderton is a cheerleader for the games and online entertainment sectors. Their investments include casual games portal Big Fish, publisher Codemasters, youth social network/gaming environment Habbo Hotel, middleware provider Natural Motion and digital identity provider WeeWorld. The company recently sold Bebo, the social networking website, to AOL for $850m.

Balderton says that it sees opportunities in this tough environment, and that part of the reason for raising the money now was to be able to take advantage of them.

However, the company was more negative on the prospects for flotations, saying that there “were unlikely to be any venture capital-backed initial public offerings for 18-24 months ”

So good news that Balderton has money to invest in the games sector; bad news for Codemasters’ hopes for a quick IPO.

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and Penguin-published title The Curve: