London-based venture capital firm Atomico recently announced its most significant fundraising achievement to date, securing $1.24 billion (approximately €1.12 billion). This substantial capital will be divided between two major funds aimed at different stages of entrepreneurial development. This move underscores Atomico’s commitment to fueling the growth of tech startups across Europe.
In previous announcements, Atomico raised $1.1 billion around a year ago to support startup investments. The firm has a history of making significant contributions to the European tech landscape and is now positioned to continue this trend with its new funds. Europe has increasingly become a hotspot for tech innovation, securing nearly 30% of global early-stage funding and surpassing other regions in creating new companies.
Funds Allocation
Of the total amount raised, $754 million (approximately €681 million) will go towards Atomico Growth VI. This fund partners with entrepreneurs from Series B to pre-IPO stages. The remaining $485 million (approximately €438 million) is designated for Atomico Venture VI, which focuses on early-stage investments, predominantly at Series A, with occasional Seed opportunities.
According to Atomico’s founder and CEO, Niklas Zennström, the European tech sector is advancing and requires investors who can look beyond market cycles. Zennström stated,
“European technology is coming of age. Meeting this opportunity requires ambition, hustle, and commitment from founders, who need investors with the experience and perspective to see beyond market cycles. Data shows Europe is leading the world at the early stage with a wealth of new startups. Our new funds bring them essential firepower to level up and achieve global scale – from Europe.”
Recent Investments
Since the launch of these new funds, Atomico has already made 21 investments. Notable companies under Atomico Growth VI include Cologne’s DeepL, Copenhagen’s Corti, and London’s virtual clinic provider Pelago. For Atomico Venture VI, investments have been made in Stockholm’s Neko Health, London’s Ben and Dexory, Berlin’s Deeploi, Oslo’s Strise, and Zurich’s Lakera.
Atomico was founded in 2006 by Skype founder Niklas Zennström. The firm has partnered with over 155 ambitious teams across 15 European countries. According to the company, one in six of Atomico’s portfolio companies has reached a valuation of more than $1 billion. This highlights Atomico’s strong presence and influence within the European tech investment sphere.
The fundraising success and subsequent investments made by Atomico illustrate the growing confidence in the European tech ecosystem. These funds will provide essential resources for companies to scale and achieve global impact from their European bases. Investors and entrepreneurs alike will be watching closely as these newly funded companies progress.
