Investment news

£950m Boost for Tech Ecosystem as Graphcore Backer Atomico Announces New Fund

Are you also a tech entrepreneur? If yes, then we have just the news for you. As it turns out, Graphcore, a leading British semiconductor company, and On-demand convenience app, Zapp, backed Atomico has announced the launch of two groundbreaking European tech investment funds, collectively totaling a whopping $1.24 billion (£950 million).

While it comes as a significant injection of cash influx, this capital is also poised to empower the next generation of innovative tech entrepreneurs and startups. Another aspect of this huge investment can be put forth as the boost it will provide to further solidify Atomico's position as a leading force in shaping the future of European technology.

With the launch of these two new investments amounting to $1.24 billion, Atomico is supercharging its investment market further propelling it to become a leading market for tech entrepreneurs.

The first fund featured is a $485 million fund, targeted to plant seed and proposing Series A rounds, providing crucial funding for startups in their early stages.

On the other hand, the second investment fund amounting to $754 million capital will make Atomico Growth Fund VI focus on Series B to pre-IPO investments, empowering companies to scale and reach new heights.

But Why is Atomico Investing now?

The answer lies in the current booming economy of capital investment in entrepreneurial ventures. While this enormous capital works as a gift to nascent businesses, this dual-fund approach will enable Atomico to make a meaningful impact on the European tech ecosystem.

Read more about Amazon, Microsoft’s Monumental investment in Europe here.

Atomico's Effect So far

  • Atomico's investment has given a boost to 21 new businesses till now. Including,
  • Dexory- the pioneering independent warehouse designer.
  • Ben- the flexible benefits platform transforming employee perks.
  • Healx- the Cambridge-based drug discovery organization.
  • Klarna- the BNPL firm streamlining online payments.
  • LendInvest- the property finance platform transforming the lending experience.

Headstrong in the European market, Atomico is the brainchild of Skype co-founder Niklas Zennström and was founded in 2006. Ever since Atomico has been making strides in citing a significant surge in growth and innovation.

According to UK Tech News, Atomico's founder,  Niklas Zennström said, “European technology is coming of age. Meeting this opportunity requires ambition, hustle, and commitment from founders, who need investors with the experience and perspective to see beyond market cycles.”

On the other side, Atomico also serves as a bridge that closes the gap with international rivals. With this pivotal investment offering, Atomico is ready to lead the European as well as its competitor markets.