BLINKX founder Suranga Chandratillake is set to return to London to take up his new role as a partner at the venture investor firm Balderton Capital.
Chandratillake will retain his role as strategy chief at Blinkx after he relocates from California to the UK for his new role, in which he will focus on investing in European media and technology start-ups.
Chandratillake said Europe had become a more favourable environment for start-ups in the last decade.
“It’s gone from being a difficult place for entrepreneurs to one with lots of very interesting young companies.”
Blinkx, the video search engine aiming at publishers and advertisers, was created in 2004 and was floated on London’s Alternative Investment Market in 2007. Chandratillake was chief executive until he stepped aside in July 2012.