Atomico raises 1.13 billion euros

Atomico, a London-based venture capital firm, has raised 1.24 billion dollars (1.13 billion euros). It will use that to launch two new funds. By doing that, it wants to support startups in the European tech sector.

At Investmentplatforms.EU, we often write about startup investing. Retail investors often do this through loans on crowdfunding platforms, for example. Venture capitalists are firms that usually invest large amounts into companies, or that launch funds to invest in early stage companies for a period between five and ten years in exchange for company shares.

Atomico is one of those venture capitalists. In the past, it backed startups like Stripe and Klarna. Now, it is launching a growth-stage fund that will target Series B to pre-IPO companies. That fund will include 754 million dollars (684.5 million euros). A second fund will be worth 485 million dollars (440.2 million euros) and it will target early-stage companies.

Growth European tech ecosystem

According to the company, the Euopean technology ecosystem was worth 3 trillion dollars (2.7 trillion euros) in 2023. It also said that Europe captures up to 30 percent of all global early stage funding, while it is creating more new companies than any other region. That is why Atomico wants to increase its share in the European tech sector.

‘Our funds will provide the support to scale companies globally from Europe’

“European technology is reaching maturity. To seize this opportunity, founders need ambitious, dedicated investors who can see beyond market fluctuations. Europe is excelling at the early stage with a surge of new startups. Our new funds will provide the necessary support to scale these companies globally from Europe”, said Atomico founder and CEO Niklas Zennström.