The entrepreneurs behind a few of Europe’s most recognised fintechs, like Klarna and Transferwise, have invested within the fund.
Picture supply: Atomico
Atomico has introduced Atomico V, an $820m funding spherical to “associate with mission-driven European founders at Sequence A and past”.
The enterprise capitalist (VC) mentioned that Atomico V, its newest increase, was oversubscribed and closed above its unique goal of $750m.
In line with the VC, the buyers included “international institutional buyers, current and new, together with pension funds, fund-of-funds, sovereign wealth funds, insurance coverage corporations, endowments, banks, household places of work and government-backed entities from internationally”.
This newest increase will carry Atomico’s complete belongings beneath administration (AUM) to $2.7bn.
A few of Europe’s most profitable entrepreneurs, akin to Spotify, Skype, Klarna and Transferwise, have invested within the fund.
Atomico mentioned: “Backed by breakthrough expertise and revolutionary enterprise fashions, we proceed to imagine that entrepreneurs are the final word game-changers.”
“They take dangers and push boundaries to rewire the world in favour of one thing higher for as many individuals as attainable.”
The VC additionally lately introduced its new ‘Aware Scaling’ programme, aimed to determine and mitigate the dangers “related to a enterprise mannequin and its affect on society or the atmosphere, and all stakeholders”
“Now we have a accountability as stewards of our buyers’ capital, board members, and members of society to make sure we’re doing every little thing we are able to to set these corporations up for long-term success and keep away from adverse exterior penalties”.