Atomico, the venture capital firm co-founded by Skype founder Niklas Zennström, has raised a whopping $1.24 billion for its latest Europe-focused tech fund. This new fund, named Atomico V, is the largest fund raised by the firm to date and demonstrates the continued investor interest in European tech startups.
The fund will be used to invest in early and growth-stage technology companies across Europe, with a focus on sectors such as fintech, healthtech, and deep tech. Atomico has a track record of backing successful startups such as Supercell, Klarna, and Graphcore, and the firm is known for its hands-on approach to working with portfolio companies to help them scale and succeed.
Niklas Zennström, co-founder and partner at Atomico, expressed his excitement about the new fund, stating, “We are thrilled to have raised $1.24 billion for Atomico V, which will enable us to continue backing the most ambitious founders in Europe and beyond. Europe has a thriving tech ecosystem and we believe there are many more opportunities to support world-class entrepreneurs building global companies from the region.”
The fundraising success of Atomico V comes at a time when the European tech ecosystem is booming, with record levels of investment and a growing number of billion-dollar startups emerging from the region. This trend is expected to continue as more investors recognize the potential for high returns in European tech companies.
In addition to its financial investment, Atomico also provides valuable resources and support to its portfolio companies, including access to its network of experts, advisors, and other founders. This hands-on approach has been a key factor in the firm’s success and has helped it build a strong reputation within the tech industry.
Overall, the successful fundraising for Atomico V is a positive sign for the European tech ecosystem and demonstrates the continued interest and confidence in the region’s startups. With the new fund in place, Atomico is well-positioned to continue supporting the next generation of tech entrepreneurs and helping them build successful, global companies.