London-based VC Atomico simply introduced new funds, with a specialised staff for every stage of maturity. The brand new €681 million Atomico Progress VI companions with entrepreneurs from Sequence B to pre-IPO. It sits alongside a €438 million early stage fund, Atomico Enterprise VI, which continues its dedication to working with founders earlier of their journey, predominantly at Sequence A, alongside occasional Seed alternatives.
In line with the VC, Atomico was based with the imaginative and prescient that distinctive firms can come from wherever. Since inception they’ve partnered with founders from sequence A, increasing to incorporate development investments in 2011.
“European expertise is coming of age. Assembly this chance requires ambition, hustle and dedication from founders, who want traders with the expertise and perspective to see past market cycles. Information reveals Europe is main the world on the early stage with a wealth of latest start-ups. Our new funds deliver them important fireplace energy to stage up and obtain international scale – from Europe,” mentioned Niklas Zennström, founder and CEO, Atomico.
The brand new funds come because the $3 trillion European ecosystem begins to rival its international counterparts. Europe now captures near 30 per cent of world early stage funding and is creating extra new firms than every other area.
Atomico believes that entrepreneurs are the final word gamechangers for constructive transformation throughout our society and financial system. With this function in thoughts, they proceed to be a generalist expertise investor, partnering throughout verticals the place they see essentially the most formidable founders constructing for constructive outcomes. In line with the VC, they take a founder-focussed method to serving to European entrepreneurs succeed, with hands-on assist from a platform of world class operational leaders.
Mixed, they’ve already made 21 investments from the brand new funds. Atomico Progress VI has most lately partnered with Cologne’s DeepL, Copenhagen’s Corti and London-born digital clinic supplier Pelago. Atomico Enterprise VI investments embrace Stockholm’s Neko Well being, London’s Ben and Dexory, Berlin’s Deeploi, Oslo’s Strise and Zurich’s Lakera.
“Once we selected to companion with Atomico, our motivation was extra than simply funding; it was about discovering a collaborator who actually understands what it is going to take to construct the world’s most trusted generative AI for healthcare. Atomico has been a companion in each sense, diving straight into the trenches to navigate the complexities of scaling responsibly and successfully,” added Andreas Cleve, co-founder and CEO, Corti
Since Atomico was based in 2006, they’ve revamped 155 investments throughout 15 European international locations. 1 in 6 of Atomico’s portfolio is at the moment valued in extra of $1 billion.
