Atomico Raises $1.24B for Early and Growth Stage Startups in Europe

Atomico, a venture capital firm, has made a significant move in the European startup scene. They've raised a whopping $1.24 billion to invest in early and growth-stage startups in Europe.

This massive fundraise is a testament to the firm's commitment to supporting innovative companies in the region. The money will be used to back startups that have the potential to scale and make a meaningful impact.

With this fresh capital, Atomico will be able to invest in more companies than ever before, providing them with the resources they need to grow and succeed.

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Atomico has invested in over 130 companies worldwide through four funds: Atomico Ventures I, Atomico Ventures II, Atomico III, and Atomico IV.

Atomico III, which closed in November 2013, had a massive $476 million in funding. The company's most recent fund, Atomico IV, boasts an even larger $765 million.

Atomico has been involved in several notable exits, including the sale of Supercell to SoftBank for $3 billion in 2013 and the acquisition of The Climate Corporation by Monsanto for $1.1 billion in 2013.

The company has also had success with Xobni, which was acquired by Yahoo! in 2013, and PowerReviews, which was acquired by Bazaarvoice in 2012.

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Atomico has invested in some impressive companies over the years. They've invested in more than 130 companies globally via four funds.

One notable investment is Supercell, a company that was sold to SoftBank for $3 billion in 2013. This deal valued the business at a staggering $3 billion.

Another notable investment is The Climate Corporation, which was acquired by Monsanto for $1.1 billion in 2013. This was a significant exit for Atomico.

Rovio's $1 billion IPO in September 2017 is also worth mentioning. This was a major milestone for the company and a testament to Atomico's investment strategy.

Atomico has also invested in Xobni, which was acquired by Yahoo! in 2013. This deal was another successful exit for the firm.

Here are some of Atomico's notable investments:

Atomico closed its dual-fund strategy with $1.24 billion in commitments, the firm's largest fundraising effort ever.

The firm's dual-fund strategy consisted of two funds: Atomico Growth VI and Atomico Venture VI.

Atomico Growth VI closed with $754 million in commitments, making it the firm's first dedicated arm for growth capital. It will target investment opportunities from Series B to pre-IPO.

Venture VI, an early-stage venture fund, closed with $485 million in commitments. It will primarily target Series A investments and select seed investments.

The Proskauer team advising Atomico was led by partner Brian Schwartz (Private Funds). It also included partner John Verwey (Regulatory) and several associates.