Atomico, an international venture capital founded in 2006 by co-founder of Skype Niklas Zennström, announced $476 million of Series C Financing, three times the size of previous fund and oversubscribed. Investors of this round, alongside the general partners, come from across Asia, the US and Europe, including the EIF.

Atomico helps entrepreneurs, primarily those outside Silicon Valley, to meet their challenges. It focuses exclusively on the technology sector, with investments ranging from small seed investments to larger growth investments. The company reportedly has made over 50 investments over four continents. Atomico operates with a single, international structure composed of two core teams; the value creation team, and the investment team.

The capital received this time will be used to build a concentrated portfolio of technology based growth companies that are looking to scale their businesses, again primarily outside Silicon Valley. The features for tech companies that Atomico valued are brilliant team, hit product underpinned by excellent technology, great market potentials, capability to attack and transform large industries, both domestically and globally.

With many key people from the initial global team behind Skype on board, Atomico’s international expansion team helps portfolio companies to scale across Europe and into large emerging markets like China, Japan, Brazil, Turkey, and Korea.

Niklas Zennström, CEO and Founding Partner at Atomico, said: “Great companies can come from anywhere. Ten years ago people thought you had to be in Silicon Valley to build a global technology business. That is no longer the case. We see entrepreneurs from all over the world achieving global success faster than ever before and across every sector of the global economy. Our new fund is aimed squarely at this opportunity”.

Emma Lee (Li Xin) was TechNode's e-commerce and new retail reporter until June 2022, when she moved to Sixth Tone to cover technology and consumption. Get in touch with her via or Twitter.

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