Having been at Uber since 2013, first as an advisor and then VP for mobile, Fieldsoe-Nielson was responsible for helping develop partnerships with telco companies around the world.
As well as leading new investments, Balderton expects him to share insights and experiences with the firm’s portfolio of companies – which includes Citymapper, Zopa, GoCardless and Worldstores.
Fieldsoe-Nielson revealed he “couldn’t be more excited” to return to Europe from Silicon Valley. “I believe mobile technology has changed the entrepreneurial ecosystem and levels of aspiration in Europe, which will lead to an explosion of successful European startups playing on a global scale,” he added. “I’m thrilled to join the Balderton team, and to bring the passion I have for technology to the innovative and burgeoning European tech industry.”
The recruitment is the second prominent one made by Balderton in the last three months. In June it announced the hire of Gilles Stephen as talent director from his previous employer Amazon, where he was responsible for European talent acquisition. Looking further back, the venture capital firm also added former Autonomy employee and blinkx founder Suranga Chandratillake to its team at the beginning of 2014.
As well as recently relocating to Kings Cross, Balderton closed a fifth venture capital investment fund in April 2014 – banking $305m to back European businesses. Back then, the total value of companies supported by Balderton was in excess of $10bn, with funds under management then standing at $2.2bn.
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Before joining Uber, Fjeldsoe-Nielson was part of the business leadership team at file-sharing platform Dropbox. There, he helped grow its user base from “a few million to hundreds of millions” around the world. He also co-invented and patented a new way of integrating services and handset manufacturers and mobile operators while at Dropbox. According to a statement, this “partnership model” is now employed by Fortune 500 companies and been used more than a billion mobile handsets.
Daniel Waterhouse, general partner at Balderton Capital, commented: “Having led mobile strategy for sector-defining, high-growth technology companies in Uber and Dropbox, Lars brings a rare insight and experience from Silicon Valley to the companies in our portfolio.
“At Balderton, it is our mission to back the very best global technology businesses being born in Europe, and to work alongside the founders to help them realise their undoubted potential. We are delighted that Lars shares in this vision and his unparalleled expertise and enthusiastic commitment to the European tech scene will help us uncover, back and support the very best founders in the region.”
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