Atomico

Atomico is a European venture capital firm headquartered in London, with offices in Paris, Beijing, São Paulo, Stockholm, and Tokyo. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.[1] The team includes Hiro Tamura, Chris Barnes, Siraj Khaliq, Ben Blume and Niall Wass. [2]

Atomico
TypePrivate
IndustryVenture capital
Founded2006
FounderNiklas Zennström
ProductsVenture capital, growth capital
Number of employees
57
Websitewww.atomico.com

FocusEdit

The company invests at Series A onwards partnering with game changing founders across the consumer, enterprise and frontier technology sectors.[citation needed] Zennström has stated that he founded the company in 2006 after "seeing that new technology would disrupt not just consumer markets, but the venture-capital industry itself".[3]

History and investmentsEdit

The firm has raise five funds, and invested in more than 130 companies to date.[citation needed]

In January 2006, the company completed a fund raise for Atomico Ventures I, for an undisclosed amount.[4]

In March 2010, the company completed a $165 million fund raise for Atomico Ventures II.[5][6]

In November 2013, the company completed a $476 million fund raise for Atomico Ventures III.[7][8]

In February 2017, the company completed a $765 million fund raise for Atomico Ventures IV.[7]

In February 2020, the company completed a $820 million fund raise for Atomico Ventures V.[9][10][11]

As of February 2020, 11 startups in Atomico's investment portfolio had achieved Unicorn status with valuations of more than $1 billion.[12]

The company has been involved with exits or substantial transactions in companies including Supercell (sold a majority stake to SoftBank, valuing the business at $3 billion in 2013), The Climate Corporation (acquired by Monsanto for $1.1 billion in 2013), Xobni (acquired by Yahoo! in 2013), PowerReviews (acquired by Bazaarvoice in 2012) and Rovio's $1 billion IPO in September 2017.[13]

The company publicly states that it has an active approach to deal sourcing.[citation needed] Atomico also publishes The State of European Tech report which is published annually at the Slush in Helsinki and Diversity and Inclusion in Tech: A practical guidebook for entrepreneurs.[citation needed]

InvestmentsEdit

The firm's investments include

See alsoEdit

ReferencesEdit

  1. ^ "Atomico raises $820m fund to back European founders". Sifted. Retrieved 2020-06-01.
  2. ^ "LinkedIn company page".
  3. ^ "Why Facebook film The Social Network is essential viewing for entrepreneurs", The Sunday Telegraph, 13 March 2011.
  4. ^ Sapra, Bani. "An investor became a VC during the dot-com bust and cofounded European fund Atomico just before the financial crisis. Here are his 3 big lessons to startups and investors for surviving tough times". Business Insider. Retrieved 2020-06-04.
  5. ^ Staff, V. C. J. (2010-03-22). "Atomico Ventures Raises Second Fund". Venture Capital Journal. Retrieved 2020-06-01.
  6. ^ "Pinterest investor FirstMark, Rovio investor Atomico raise funds". Reuters. 2013-11-12. Retrieved 2020-06-01.
  7. ^ a b Konrad, Alex. "VC Firm Atomico's New $765 Million Fund Is One Of Europe's Largest Ever". Forbes. Retrieved 2020-06-01.
  8. ^ "Atomico announces $765m investment fund to boost European tech". UKTN (UK Tech News). 2017-02-16. Retrieved 2020-06-01.
  9. ^ "Skype cofounder raises $820m to invest in tech". uk.finance.yahoo.com. Retrieved 2020-06-01.
  10. ^ "Atomico raises new $820M fund to back 'mission-driven' European founders at Series A and beyond". TechCrunch. Retrieved 2020-06-01.
  11. ^ Browne, Ryan (2020-02-18). "Skype co-founder's venture capital firm just raised an $820 million fund to back European start-ups". CNBC. Retrieved 2020-06-01.
  12. ^ "Klarna and Stripe investor Atomico launches fifth tech fund at $820m". CityAM. 2020-02-18. Retrieved 2020-06-04.
  13. ^ [1]
  14. ^ Wauters, Robin (November 16, 2011). "Atomico Invests $4.2M In 6Wunderkinder: German Name, Global Ambitions". TechCrunch. Archived from the original on April 11, 2014. Retrieved April 11, 2014.
  15. ^ "Accurx raises £8.8M Series A for its messaging app for medical teams and patients". Retrieved 2020-04-20.
  16. ^ "Atomico promotes surgeon-turned-VC Irina Haivas to partner". au.finance.yahoo.com. Retrieved 2020-04-20.

External linksEdit