While European startups continue to seek sustained signs of confidence on the market beyond the media threw around AI companies, Atomico – One of the most emblematic venture capital companies in the region – has collected more money to make investments that could indicate how the market is really in motion. The VC has closed new funds totaling $ 1.24 billion to support startups at the start and at the growth stage in the region.
Atomico, based in London, describes this as its “greatest collection of funds ever carried out”, although technically it is translated as two money pots. “Atomico Venture VI” weighs $ 485 million for series A companies in series A (with some books for seeds), and a separate fund of $ 754 million – nicknamed “Atomico Growth VI” – is intended for the Series B via pre-time.
The collection and allocation of separate fund funds are typical of numerous venture capital companies today, but that Oomico has closed two distinct funds, led by distinct teams, is notable. The company has historically looked at previous financing balls while diving into subsequent stages where it made sense. Now he is preparing to focus as much on the subsequent stages of the trip of a startup with a dedicated fund.
This decision could also indicate an apprehension among some of the fraternity of investors who hesitate to put money in preparation companies before for profit Fleting. By putting things in this way, it becomes easier for Atomico to put contributions to limited partners more opposed to risk (LPS) in the fray by allowing them to channel their money in proven companies, rather than supporting a single Fund that can extend everything, from seeds to series F.
The news also comes in the midst of a slowdown in the world sphere of venture capital, a trend to which Europe was not waterproof.
Among the things on which Atomico has constituted a reputation is its annual research reports on the state of the ecosystem of European technology, which focuses on the way in which the venture capital ends up. Its most recent relationship has made dark reading, noting that in the middle of a continuous slowdown, the financing of European startups was halved in 2023, driven by factors such as geopolitical events, inflation and Interest rate. He also determined that the market and investment data had been biased by 2021 and 2022 due to the world pandemic.
European financing of VC last year was actually slightly above pre-pale figures. An optimist would interpret this as a sign that the technological market can be on a better basis than darker data suggests. T2 2024 Data could support this thesisJust like a band of new funds from several eminent venture capital companies in the region. In May, Accel announced a new fund of $ 650 million for startups in the start -up phase, while more recently Balderton unlocked $ 1.3 billion on two new funds – $ 615 million for an early stadium and 685 Millions of dollars for the growth stage.
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Founded in 2006 by the co-founder of Skype Niklas Zennström, Atomico was initially launched with a fund of $ 73 million, and in almost two decades since its launch of a Fund of $ 165 million II (2010), $ 476.6 million Fund III (2013), $ 765 million Fund IV (2017) and 820 million Dollars Fund V (2020).
The last Atomico fund exceeds its latest by more than 50%. However, according to the documents filed with the Securities and Exchange Commission (SEC) last year, Atomico sought $ 600 million And $ 750 million respectively for its venture capital and growth funds. In short, when it exceeded its objective on the side of growth, Atomico did not achieve its target target of almost 20%.
On the one hand, it is more logical for Atomico to allocate more money to companies of subsequent stadium since its investment portfolio has increased over time. What was formerly busy businesses is now in scaling mode, requiring more money than ever. On the other hand, it is indicative that the objective of its financing objective for previous startups is indicative that fewer investors are willing to support emerging businesses than Aomico had not hoped.
Atomico says that he has already made around 21 investments in the two funds, including several of Atomico Growth VI in his portfolio, notably Deeppl and Pelago, as well as the Corti B series. In the previous field, Atomico Venture VI has plowed money in Neko Health, Ben, Dexory, Deeploi, Spray And Lakera, going back to the opening of the fund at the beginning of 2022.