Benchmark Spins Out Europe Business
Menlo Park-based Benchmark Capital have spun out the firm's European business, Benchmark Capital Europe. The firm said Thursday that it has created a separate European business, renamed as Balderton Capital. The newly independent venture group will have $1.5B under management. Benchmark said that the change will not alter its existing fund or investor structures. Among the firm's portfolio firms is Habbo Hotel, Alphyra, MySQL, MySQL, and Bebo.
posted on Thursday, June 7, 2007
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