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Can Atomico's New $1. 24 Billion Fund Reignite Europe's Tech Boom?

Tuesday, September 10, 2024

Atomico has announced a $1.24 billion funding round, split into two parts: a $754 million growth-stage fund for later stage companies and a $485 million early-stage fund for startups just starting out.

This comes after a dramatic slowdown in European tech funding which dropped to $45 billion in 2023 compared to $82 billion the previous year. Europe's overall tech sector is still valued at over $3 trillion but has lost hundreds of billions in market capitalization in 2022. Atomico, founded by Skype co-founder Niklas Zennström, has a track record of backing successful European tech companies like Stripe and Klarna Stripe and Klarna.

europe niklas zennstrm

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