Venture capital firm Balderton Capital has opened a $305 million start-up fund, hoping to spread out lots of small investments and have a bigger chance of hitting it big.

The company, one of the top venture funds in Europe, will have a total of $2.2 billion in funds managed, largely in European tech start-ups. But for this fund, Balderton will focus even less on getting involved with companies that are already established and more on those just getting their products off the ground.