Ivan Levingston
FT European deals reporter focusing on venture capital and private equity; explains Balderton Capital’s early investment in Revolut and broader lessons for VC strategy.
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Jan 14, 2026 • 11min
London VC’s bet on Revolut pays off
Martha Muir, an FT energy reporter, shares insights on Microsoft's promise to absorb the costs of AI data centres, highlighting local opposition and political hurdles. Ivan Levingston, an FT European deals reporter, discusses Balderton Capital’s £1 million investment in Revolut, which yielded massive returns. He emphasizes the strategic foresight behind backing innovative fintech ventures and how successful small funds can significantly impact a VC's overall performance.
