Atomico announces €757.1 million fund to invest in mission-driven European startups | EU-Startups
Summary
A number of founders and early team members from some of Europe’s most successful startups of the past decade (including Adyen, Klarna, Transferwise, Spotify, Supercell, Skype and Zoopla among others) have also invested as individual LPs in this fund. Atomico V will allow the venture capital firm to continue to partner with ambitious European founders who lead positive change in society and the environment, and in doing so, build sector defining companies. This open-source framework helps founders to identify and mitigate long-term risks, requires companies to commit to implementing a diversity and inclusion (D&I) policy as part of their investment term sheets and recently published a diversity and inclusion guidebook to help founders build responsible companies that last. “Venture capital has a critical part to play in a world with so many urgent challenges,” said Atomico Founding Partner and CEO Niklas Zennström. One thing that is uniform across Atomico has been their love of supporting founders who are going after really big problems that humanity has to solve.