London-based VC firm Atomico raises €756M to partner with mission-driven European founders at Series A

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.

Atomico V! 

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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