Skype Founder's Atomico raises $1.24B to Boost EU Tech Startups

Skype co-founder Niklas Zennström's venture capital firm, Atomico, announced two new funds worth $1.24 billion to support European digital companies.

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The funds aim to bolster early-stage and growth-stage tech firms in Europe facing declining valuations and layoffs.

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The new funding round is Atomico's sixth, signaling renewed hope for the European tech industry.

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Includes a $485 million early-stage fund (Series A) and a $754 million growth-stage fund (Series B to pre-IPO).

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Atomico's strategy is to back ambitious European tech firms, providing resources to expand globally.

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Atomico’s portfolio spans 155 investments in 15 countries, with companies like DeepL, Corti, and Pelago.

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Andreas Cleve, CEO of Corti, emphasizes Atomico’s value beyond funding, highlighting their strategic guidance and support.

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Atomico's investment aligns with the rising potential of the European tech sector, which now captures about 30% of global early-stage capital.

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