Atomico Secures $1.24B to Boost European Tech Startups

The venture capital firm launches its largest-ever fundraise with two funds targeting early and growth-stage companies.

Atomico raised $1.24 billion across two funds: $485 million for early-stage and $754 million for growth-stage investments.
The new funds aim to support startups from Series A to pre-IPO, reflecting Europe's strong early-stage tech ecosystem.
Founded by Skype co-founder Niklas Zennström, Atomico has made over 150 investments in 15 countries since 2006.
One in six of Atomico's portfolio companies is valued over $1 billion, including notable firms like DeepL and Klarna.
The funds come amid a challenging venture capital environment, with Europe showing signs of recovery in 2024.