Balderton Capital, the venture capital firm behind social network site Bebo, person-to-person betting exchange Betfair and TV channel Setanta Sports, has hired Tim Bunting, a former vice chairman of Goldman Sachs International, as a partner.
He has already served as non-executive chairman of Betfair, the person to person betting exchange, and as a director of another portfolio company, Alphyra, a pan-European electronic payments provider. Separately, he has also been appointed as non-executive director of Yell Goup, the directories business, and Sepura, a digital mobile radio company.
Bunting, the firm's seventh partner, will work on both new opportunities as well as Balderton’s current portfolio. He spent 17 years at Goldman Sachs in a variety of senior roles, becoming vice chairman in 2005.
Balderton, which until recently was the European affiliate of US venture firm Benchmark Capital, has $1.5 billion in committed capital under management. Since 2000, Balderton has invested in over 70 companies across a wide variety of technology sectors and geographies, including UK, US, China, Russia and Scandinavia.