Balderton Capital, a prominent European investment firm based in London, has announced the successful raising of $1.3 billion to support European startups. The funds are divided into two separate allocations: a $615 million early-stage fund and a $685 million growth fund aimed at investing in more mature startups. This marks Balderton's largest fundraise to date, underscoring its commitment to fostering innovation within Europe's startup ecosystem. The firm, known for backing companies like Revolut and Wayve, continues to focus exclusively on European startups, from early-stage ventures to those approaching IPO. The announcement has been met with optimism from European venture capitalists, although there are concerns about Europe's position in the AI sector.