European venture capital firm Balderton Capital has hired Suranga Chandratillake, founder of internet media company blinkx, as a general partner.
After ten years based in Silicon Valley Chandratillakewill return to London to take up his role at Balderton and will help lead early-stage investments in the online media and technology sectors.
Bernard Liautaud, general partner of Balderton Capital, said, “We are delighted to welcome Suranga to Balderton Capital as a General Partner. As the architect of one of the UK’s most successful internet technology companies, Suranga will be a great addition to our team as well as an invaluable mentor to the companies in our portfolio. He understands what it takes to create global and long-lasting businesses and can draw from his own experiences to support the founders we back.”
Suranga founded blinkx, the intelligent search engine for video and audio content in San Francisco and Cambridge in 2004. The company grew quickly and was taken public on the London Stock Exchange by Suranga and his management team in 2007 valued at £125m. blinkx is now one of only a handful of home-grown UK technology companies to have exceeded the $1 billion market capitalisation.
In 2012, Suranga stepped back from day-to-day management of blinkx to become the company’s first chief strategy officer, a role that focused on strategy and technology development. Hewill continue in this capacity and remain a director on the Board of blinkx, alongside his new position at Balderton.
Chandratillake said, “Balderton is a natural fit for me. They are a smart, lean and driven team that makes high impact decisions and has the flexibility of thought and action that fast-growing technology companies need from their partners. The firm also has a strong Silicon Valley heritage, complementing my own experience, and can bring the US mind set to European venture exceptionally well.”
Before founding blinkx, Suranga was the US CTO of Autonomy Corporation, responsible for growing Autonomy’s research and development division in the United States.
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