Start-up fund raised $1.5 billion

Start-up fund raised $1.5 billion

Atomico has raised a $765 million (£613 million) fund to invest in European technology startups. The London-based investment firm has now raised a total of $1.5 billion (£1.2 billion) to back companies across Europe that have the potential to scale into billion dollar businesses.

Atomico, founded 10 years ago by ex-Skype CEO Niklas Zennström, claims that the Atomico IV fund is the largest fund of its kind in Europe.

Speaking to Business Insider at Atomico’s head office on New Bond Street in Mayfair, 51-year-old Zennström, said: “If you compare it to other pure-play European VC funds, it’s the largest.”  PHOTO: Niklas Zennström  READ MORE: http://uk.businessinsider.com/atomico-niklas-zennstrom-raises-765-million-european-startups-2017-2

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