Balderton Capital, the venture capital group that backed the Betfair gambling website and Setanta, the pay-TV broadcaster, will shrug off the gloom in financial markets on Monday by saying it has raised $430m (£282m) for technology and media investments.

Founded in 2000 as the London-based arm of Benchmark Capital, the Silicon Valley venture capital group, Balderton has become one of Europe’s top start-up investors with $2bn of funds. The company spun off from its US parent in 2007.