Atomico secures $820 Million Funding to Back European Tech Startups

Atomico, the venture capital firm has secured an $820 million in funding to back European tech startups, targeting Series A and beyond. The venture capital fund founded by Skype co-founder Niklas Zennstrom said the latest funding was oversubscribed, closing above its target of $750 million and attracting investment from a range of institutional investors. The new fund brings Atomico’s total assets under management to a hefty $2.7 billion.

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The firm raised the funds from several institutional investors, including insurance companies, pension funds, sovereign wealth funds, banks, family offices, and government-backed entities from across the globe.

Source: https://techcrunch.com/2020/02/17/atomico-v/