Based out of London, Atomico is a venture capital firm partnering with ambitious mission-driven European founders at Series A and beyond, leveraging deep operational experience to supercharge their growth.
Raised €756M to double down firm’s core strategy!
In the recent development, the venture capital firm has closed its fifth fund, Atomico V, at $820 million (approx €756 million). The closure of the fund brings the firm’s total assets under management to $2.7B.
High calibre global institutional investors!
Investors in the fund include high calibre global institutional investors, both existing and new, including pension funds, fund-of-funds, sovereign wealth funds, insurance companies, endowments, banks, family offices, and government-backed entities from across the world.
A number of founders and early team members from some of Europe’s most successful start-ups of the past decade – including Adyen, Klarna, Transferwise, Spotify, Supercell, Skype, and Zoopla among others – have also invested as individual LPs in this fund.
With Atomico V, the firm will help founders scale successfully and sustainably by offering them more than money. Notably, the Atomico V investments to date include Infarm, HealX, Spacemaker, Kheiron Medical, Peakon, Scoutbee, Koru Kids, Automation Hero, and AccuRx.
Moreover, Atomico recently published its Conscious Scaling programme, an open-sourced framework for founders to identify and mitigate long-term risks.
It requires companies to commit to implementing a diversity and inclusion (D&I) policy as part of their investment term sheets and recently published a diversity and inclusion guidebook to help founders build responsible companies that last.
Atomico Founding Partner and CEO Niklas Zennström said:
Venture capital has a critical part to play in a world with so many urgent challenges. We’re looking for the ambitious mission-driven founders behind the companies with visionary solutions to seemingly intractable problems. We’re guided by a simple belief: profit and purpose are mutually reinforcing, not mutually exclusive.
Main image credits: Atomico
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