Venture Capital: Atomico’s Fifth Fund Eclipses $750M Target; Raises $820M

February 20, 2020 | News, Venture Capital
https://dailyalts.com/wp-content/uploads/2020/02/euro-96291_640-atomico.jpg

Atomico’s happy hunting ground: European startups in the tech sector.

Atomico, the immensely successful venture capital firm founded by Skype’s Niklas Zennström, raised $820 million for its fifth fund. Atomico V will primarily invest these funds in startups raising money in round A, particularly early-stage European tech companies. (Reuters)

However, given its size, the fund may also continue to invest at Series B and C into “breakout companies.”

Though Atomico V had a target of $750 million, investors committed a much higher amount. The raising brings the firm’s cumulative funding to an impressive $2.7 billion.

“Backed by breakthrough technology and innovative business models, we continue to believe that entrepreneurs are the ultimate game-changer,” Atomico said in a statement. “They take risks and push boundaries to rewire the world in favor of something better for as many people as possible.”

Atomico V’s European focus

Investment partner Siraj Khaliq told Reuters that a wealth of opportunities was available in Europe. Accordingly, the fund was not planning to invest anywhere else.

“Now the talent exists here, the mentorship exists here. All these key ingredients you need for European success stories actually exist,” Khaliq told CNBC. “It’s not to say we can’t be better, but we’re really on the track.”

Note that Atomico V is claimed to be Europe’s largest single “pure-play” venture capital fund – it only invests in early-stage startups.

Moreover, its focus sectors include consumer companies, frontier technologies and enterprise businesses that sell to medium and large companies.

Atomico V – An eclectic mix of investors

Investors include global institutional investors such as pension funds, fund-of-funds, sovereign wealth funds, insurance companies, endowments, banks, family offices and government-backed entities from across the world.

In addition, founders and early team members from highly successful startups, including Adyen, Klarna, Transferwise, Spotify, Skype, Supercell and Zoopla, have invested in the fund.

Related Story:  Venture Capital: Sequoia Eyes Europe; To Set Up Base in London

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…