London-based venture capital firm Atomico has just announced its largest fundraise to date, totaling €1.12 billion across two new funds. This move further strengthens Atomico’s commitment to European entrepreneurs, offering dedicated support at different stages of startup growth. The firm’s strategy is clear: to bolster its leadership in Europe’s rapidly expanding tech ecosystem.
The first of these new funds, Atomico Growth VI, amounts to €681 million and is focused on supporting companies from Series B through to pre-IPO. Meanwhile, Atomico Venture VI, a €438 million fund, aims to assist early-stage startups, predominantly in Series A, but with occasional interest in Seed opportunities. Together, these funds provide much-needed capital and expertise to help startups scale globally.
Atomico’s founder and CEO, Niklas Zennström, highlighted the growing potential of European technology. He emphasized that Europe’s tech scene is maturing, offering new opportunities for ambitious founders who are ready to scale their companies. “European technology is coming of age. Meeting this opportunity requires ambition, hustle, and commitment from founders, who need investors with the experience and perspective to see beyond market cycles,” said Zennström. He noted that Europe now accounts for nearly 30% of global early-stage funding, reflecting the region’s rising importance in the global startup ecosystem.
Europe’s tech landscape is valued at approximately $3 trillion and continues to grow. As the region captures more early-stage funding than any other area, Atomico’s new funds are well-timed to fuel the next wave of European startups aiming for global impact. With this financial boost, Atomico is helping these companies access the resources and operational expertise they need to level up their operations.
Atomico is known for taking a founder-first approach. The firm goes beyond just providing capital by offering hands-on support to help entrepreneurs navigate the challenges of scaling their businesses. Atomico’s platform of operational leaders works closely with founders, offering guidance on critical aspects like product development, strategy, and global market expansion. This collaborative approach is one of Atomico’s key strengths, allowing it to forge deeper relationships with startups.
Atomico invests across various sectors, including artificial intelligence, healthcare, and fintech, reflecting its belief that innovative companies can positively transform society and the economy. By maintaining a generalist approach, Atomico can partner with ambitious founders regardless of the industry they operate in, providing the backing needed to drive large-scale impact.
Since the launch of its new funds, Atomico has already made 21 investments. Atomico Growth VI has partnered with companies like Cologne’s DeepL, an AI-powered translation platform, Copenhagen-based Corti, which focuses on AI in healthcare, and London’s Pelago, a virtual clinic provider. Meanwhile, Atomico Venture VI has invested in startups such as Stockholm’s Neko Health, Berlin-based Deeploi, and Zurich’s Lakera, which uses AI to enhance decision-making processes.
Atomico’s commitment to being more than just a financial backer is well exemplified by its partnership with Corti, a Copenhagen-based healthcare startup. Corti’s co-founder and CEO, Andreas Cleve, shared how Atomico has provided far more than just funding. “When we chose to partner with Atomico, our motivation was more than just funding; it was about finding a collaborator who truly understands what it will take to build the world’s most trusted generative AI for healthcare,” Cleve said. Atomico has actively supported the company through the complex process of scaling responsibly and efficiently.
Since its inception in 2006, Atomico has made over 155 investments across 15 European countries, demonstrating its firm belief in the region’s potential. Notably, one in six companies in Atomico’s portfolio is now valued at over $1 billion, highlighting the firm’s success in identifying and nurturing high-impact startups.
Atomico’s €1.12 billion fundraise signals a strong vote of confidence in Europe’s growing tech ecosystem. As European startups continue to emerge and mature, Atomico’s role in providing both capital and strategic support is likely to help many of these companies achieve global success. By offering entrepreneurs the tools they need to scale, Atomico is playing a vital part in shaping the future of the European tech landscape.
