Atomico Ventures, a European-focused VC fund run by Skype co-founder Niklas Zennström, has closed its second fund with $165 million in capital commitments. A regulatory filing from May 2009 indicated that the firm had been seeking upwards of $266 million, with Probitas Partners serving as placement agent.
Atomico announced today that it has completed fundraising for its second fund, Atomico Ventures II.
The $165 million fund will focus primarily on Europe, and will seek to invest in early stage, high growth technology companies, with the goal to provide outsized returns to investors over the long-term.
The fund will achieve this by investing in outstanding management teams, who address large market opportunities that leverage innovative business models and transformational technologies.
The partners of Atomico are the largest investors in this fund and have been joined by several top-tier institutions, truly aligning interests for all parties.
Niklas Zennström, Founder and CEO of Atomico, commented:
“We are delighted to announce that we have completed the fundraising for Atomico Ventures II, which will be focused primarily on early-stage tech companies in Europe. We will seek to invest in exceptional entrepreneurs who are building exceptional businesses. We will target companies that we believe have the potential to generate significant growth, transform their industries, and deliver strong returns.”
“Atomico is different as it brings highly relevant management experience, unique market perspectives, a diverse worldwide network as well as capital to these companies.”
Select investments of Atomico include Jolicloud – the Internet operating system for netbooks, ChemistDirect – the UK’s leading independent online chemist and Playfire – the global social network for gamers.
Atomico is a leading technology investment group, formed in 2006 by Niklas Zennström, a leading entrepreneur and co-founder of Skype, Kazaa and other companies. Atomico seeks to deliver outsized returns to its investors by being the partner, and investor of choice, for fast growing technology companies. Atomico invests in real opportunities, builds real businesses, and realises real returns.