News & Events

Venture capital firm Atomico backs European tech with $820 million fund – Source Reuters Tech News

LONDON (Reuters) – Venture capital firm Atomico has closed its fifth fund with $820 million to invest in early-stage technology companies in Europe, a region it said had come of age in terms of innovation and opportunity.

Atomico V will focus on Series A, the investment round that follows start-up seed funding, the firm said, adding that it had the firepower to keep investing in later rounds for breakout companies.

Investment partner Siraj Khaliq, a tech entrepreneur who co-founded a weather modeling company that helped farmers optimize crop yield with the help of Atomico before joining the VC, said the firm offered advice and expertise along with the money to help companies scale.

“I really liked the Atomico model, which is not necessarily just finance people but people who have built businesses themselves,” he said. “They bring more than just money, they bring experience.”

He said there were so many opportunities in Europe, Atomico had decided it did not need to look…

Read More…

Source Reuters Tech News

Source link