This month at Balderton - welcoming new portfolio company Duvo

This month we welcomed Duvo to the portfolio, leading their $32m Series A.

Getting AI agents to work reliably across the enterprise remains genuinely difficult. What Duvo does differently is capture how work actually happens and where the value leaks - then runs those processes in the same integrated system, with people in control of the decisions that need judgment.

That's only possible with real operational depth. Tomáš has founded three companies before this, including Rohlik Group, Europe's leading online grocer doing over $2bn in annual revenue.

Duvo has already unlocked over $100m for its clients, across finance, supply chain, commercial, customer care, marketing and HR - and feedback from customers and consultants is off the charts.

Rokk, a screen-free, two-way audio stone for the home, has launched.

We've worked with founder Marcus for over a decade, backing his first company Luno, which he and the team grew into one of the world's leading crypto platforms with more than 10m customers.

We're proud to be back for round two alongside our friends at LocalGlobe.

Congratulations Marcus and the Rokk team!

We backed Mallow just weeks after it was founded in 2024. Now, it's out in the world.

Grounded in cognitive science and powered by voice technology, Mallow is a screen-free audio game console for children.

Getting here took two years, a team of narrative designers, AI specialists and researchers, plus 6,000 test sessions. That level of care is exactly why we co-led their seed.

Congratulations Flore, Cédric and the whole Mallow team!

We published our Sustainable Future Goals report for 2025-2026, celebrating the progress of companies across the portfolio and reaffirming our commitment to founders who are building fast, and building well.

In uncertain times, we continue to believe that backing founders solving the world's greatest challenges, and doing so responsibly, is how we play our part in building European resilience.

Bernard joined Wayve CEO Alex Kendall to meet Prime Minister Andy Burnham to discuss building trillion-dollar outcomes for the UK with Embodied AI.

Suranga's op-ed was published in Tagesspiegel Background, highlighting the strength of Germany's tech sector, from fusion and enterprise software to generative AI and space.

Niklas and Tobias published part one of a new series mapping out what agent infrastructure actually is, where the value is heading and why now is the time to be building in the space.

Solène took to the main stage at Tectonic in Ghent alongside Seedcamp and HV Capital, and hosted 60 founders and investors for dinner with Entourage Ventures the evening before.

Tobias published a summary of why we invested in Duvo, and why the value it's already creating for customers is rare for early-stage startups.

Sava announced a $36m Series B alongside an exclusive partnership with Ascensia Diabetes Care to commercialise and distribute Sava's microsensor across Europe. We first backed founders Renato and Rafaël in 2024 and we are proud to back them again in this round.

The Exploration Company welcomed French President Emmanuel Macron and German Federal President Frank-Walter Steinmeier to their site in Le Haillan, showcasing their reusable spacecraft, Nyx, and high-thrust reusable propulsion program, Storm.

Attio launched its new hybrid platform, built for both people and agents, with the controls of application software at the scale of infrastructure.

We published the next instalment of our Founder Spotlight series, featuring ZOE co-founder and CEO Jonathan Wolf on building the company behind the world's largest gut health and nutrition science study.

What’s Next is back. Season 3 of our interview series, where we sit down with the people building at the frontier of new technology, launches this week. Watch this space!