The firm is celebrating 20 years of investing in European start-ups and will now be deploying capital in this new growth segment. To mark 20 years, investment firm Balderton Capital has announced a new $680m fund for backing early growth stage companies in Europe. The firm, through its various funds, backs companies at the seed and Series A stages but has stepped into growth investing through its Liquidity I fund. Its portfolio of investments include Darktrace, Revolut, Depop and GoCardless in recent years while in its early days it was the only venture backer of Bebo.