Skype Founder’s VC Firm Atomico Raises $1.24 Billion to Boost European Tech Startups

Niklas Zennström, a co-founder of Skype, launched Atomico, a venture capital business, which just announced the opening of two $1.24 billion new funds. With the goal of supporting European digital firms in their early and growing stages, these funds aim to give the industry much-needed support in the face of falling valuations and layoffs.

Developing the Tech Sector in Europe

The fresh funding represents Atomico’s sixth round of funding, indicating a resurgence of hope for the European digital industry. In addition to a $485 million early-stage fund targeted at Series A firms, the firm has announced a $754 million growth-stage fund that targets startups from Series B to pre-IPO stages. This action is a reaction to a notable decline in venture capital funding for European technology, which decreased by about 50% in 2023 over the prior year.

Vision and Investment Strategy

The investment strategy used by Atomico is designed to accommodate entrepreneurs at various phases of their careers. Zennström stressed that European technology is “coming of age” and that in order to help businesses grow internationally, they need to have ambition, dedication, and knowledgeable investors. These firms now have the financial resources from Atomico to expand and contend on a worldwide scale.

Read the full news: Skype Founder’s VC Firm Atomico Raises $1.24 Billion to Boost European Tech Startups