Venture capital firm Balderton Capital announced that it has added two new General Partners. Rana Yared joins from Goldman Sachs where she was a partner in the Principal Strategic Investments team, and David Thévenon joins from Softbank’s Vision Fund where he led a number of their mobility and fintech growth investments.
Bernard Liautaud, Balderton's managing partner, said "I am delighted to welcome Rana and David to the partnership. They both bring outstanding experience in investing globally in the technology ecosystem. With her team at Goldman Sachs, Rana has built one of the best fintech and AI portfolios across the US and Europe. And within Softbank, David has participated in the growth journeys of companies as diverse as Didi in China, Grab in Singapore, Lemonade and SoFi in the US. The opportunity in the European tech ecosystem continues to expand at a rapid pace, and Rana and David will play a key role in our investment strategy in the European venture space."
During her time at Goldman, Yared played a key role in the bank’s principal strategic investments team that invested the firm’s own capital in emerging tech companies. She helped oversee $2 billion in principal investments with a strong focus on fintech, including Goldman’s early investment in the AI platform Kensho, which was sold to S&P Global for $550 million in March 2018. Yared joined the bank as an analyst in 2006, and in 2018, she was one of the youngest ever to be named as a partner. News of Yared's departure from Goldman was reported earlier this week.
Thévenon led a series of high-profile investments during his five-year tenure at Softbank. His portfolio of companies included: Didi Chuxing, the world’s largest ride-sharing company; Grab, a leading Southeast Asian ride-hailing company; and Kabbage, one of the leading U.S. small business lending platforms. Thévenon left Softbank in October. Prior to joining Softbank, he spent 10 years at Google where led global product and business partnerships for its Android platform.