London-based VC Atomico has raised $1.24 billion across two funds: $485 million for Atomico Venture VI, which invests in Series A and occasionally seed rounds, and $754 million for Atomico Growth VI, which invests from Series B to pre-IPO. The funds aim to help European tech founders scale globally.
- Founded in 2006 by Niklas Zennström, Atomico is a European venture capital firm that partners with ambitious entrepreneurs to scale transformative tech companies globally. Initially focused on Series A investments, Atomico expanded in 2011 to include growth-stage funding.
- Since its inception, Atomico's portfolio has grown to over 155 investments across 15 European countries, with one in six of its companies now valued at over $1 billion.
- The two funds aim to invest in different stages of company growth: Atomico Venture VI, a $485 million early-stage fund, focuses on Series A and occasional seed opportunities, while Atomico Growth VI, a $754 million fund, partners with founders from Series B to pre-IPO.
"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 start-ups. Our new funds bring them essential fire power to level up and achieve global scale — from Europe," Founder and CEO of Atomico, Niklas Zennström, stated.
- The two new funds have made 21 investments so far. Atomico Growth VI has supported Cologne-based DeepL, Copenhagen-based Corti, and London-born Pelago. Atomico Venture VI's investments include Stockholm-based Neko Health, London-based Ben and Dexory, Berlin-based Deeploi, Oslo-based Strise, and Zurich-based Lakera.
"Atomico is announcing our largest ever fundraise, $1.24 billion across our Early and Growth stage funds. We're excited to have the opportunity to continue partnering with the most ambitious founders scaling global category leaders from seed to pre-IPO. Thank you to our LPs for their continued support and to the founders who make it all possible," Partner at Atomico, Hillary Ball, commented on LinkedIn.
