It’s long been our conviction that entrepreneurs will solve humanity’s greatest and deepest challenges. With the global population expected to reach 9.7bn by 2050, and the rate of urbanisation increasing, we face few greater challenges than rising pollution and congestion in our cities. As our streets become ever more crowded, we need to rethink and reconfigure the way we live and move around - especially over short distances.
In China alone, the population makes around 1.8bn daily trips, but around 45% of those trips are shorter than 5km. Furthermore, fixed stations and stops often don’t serve travellers for “the last mile” of their journey. Cycling is the answer - it’s faster than walking, and provides better accessibility, for a lower cost - with the benefit of no carbon emissions.
Today we are proud to announce our new fund. At $765m Atomico IV is one of the largest venture capital funds ever raised in Europe and will enable us to do more of what we love: work with the most ambitious founders who combine disruptive technology with the vision to build global category winners.
We’ll continue to invest in companies, from Series A onwards, that have achieved product market fit and are ready to scale. You can read our manifesto that guides every decision we make here.
Pipedrive is something of a special investment for Atomico. During their time at Skype, many of our team experienced first-hand the outstanding talent and entrepreneurial spirit that’s fostered in Estonia, including Niklas Zennström, co-founder of both Skype and Atomico. Skype was built in Estonia, and Estonian talent was absolutely fundamental to the development and success of the business. We’re now delighted to be making Atomico’s first investment in an Estonian company - something of a homecoming for us.
The majority of small businesses still use spreadsheets and complicated manual tools to manage their sales processes. While there are numerous established CRM solutions for the enterprise market, the CRM market tailored specifically for SMEs is untapped, and huge (estimated at over $10bn).
The supply chain is one of the last core functions of business to be disrupted by technology. In many sectors, today’s supply chain is no different to the supply chain used by Henry Ford, with people still using pen and paper to manually record inventory, and telephone calls to manage relationships with suppliers. The supply chain has also been poorly served by legacy players and handheld barcode scanners that are slow, unreliable and can cost five times more than software compatible with off-the-shelf smartphone technology.
With the advent of the on-demand economy and increased levels of competitiveness, the time is ripe for supply chain disruption, and Scandit is leading the way.
Today, we’re very proud to announce the promotions of Carolina Brochado and Teddie Wardi to Partners at Atomico, showing that we can both develop and attract the best investing talent. Carolina and Teddie have a deep understanding of the sectors and trends shaping Europe’s technology ecosystem. Over the last few years they have led the way in sourcing and due diligence for many of our most promising portfolio companies, while partnering with our founders to add real value when it counts.
At Atomico we believe that the truly ambitious and talented entrepreneurs are now most likely to solve the greatest challenges we face - none more so than making the planet more sustainable.
Lilium Aviation is exactly what we mean by this, and we’re delighted to be extending our investment in the Munich-based company. So, why are we so excited about the company?
First, it’s clear that transportation around the world no longer works. While congestion in cities rises exponentially, making it harder and harder for people to move about, so does pollution. By 2035, there could be 2bn cars on the road. And with air travel excluded from the Paris Climate agreement, the result is obvious - an unsustainable planet.
We’re really proud of our founder DNA. Our experience means we have huge respect for the founders we work with and we’re able to provide the best operational advice as they scale. It’s also important because we recognise the qualities it takes to succeed - we’ve been there and done it so we know what to look for.
We’ve worked hard over the last decade to build the strongest team in Europe but we’re always on the lookout for fresh, new talent and we love working with people who live and breathe European tech. That’s why we’re excited to welcome Alexis Bonte and Harry Stebbings to our team.
Following the success of last year’s inaugural State of European Tech report, Atomico has teamed up with Slush once again to produce an in-depth look at what’s going on in the European tech ecosystem.
We set out to establish a clear picture of how Europe's ecosystem has evolved in 2016, and where we need to do more to better support our entrepreneurs and tech talent. With thanks to this year’s data partners - LinkedIn, Meetup, Stack Overflow, Dealroom.co, and the London Stock Exchange amongst others - we’ve identified three major trends underlying the growing influence and success of the European technology industry.
By Mattias Ljungman
I want to start by making a prediction: I believe that in the next 10 years we will see a $100B company with technology at its core emerge from Europe.
Back in 2006 when we started Atomico, investors thought we were nuts when I said we wanted to find and back Europe’s next billion dollar company. Fast forward to today and Europe has dozens of billion dollar companies, and now we even have two ten billion dollar companies in Supercell and Zalando. These are not outliers, they’re a taste of things to come.
There has never been a more exciting time to be a technology investor in Europe. Ambitious founders across the continent are building innovative businesses with talented developers using frontier technologies. We’ve seen incredible progress in recent years - with 44 billion dollar companies founded since 2003 - but we are ready for far greater success over the next decade. Supercell’s $10B sale is not an outlier but a sign of what’s to come!
Today it’s possible to reach almost any corner of Europe by public transport via hundreds of individual air, train and bus companies. However, in the absence of a simple way to compare routes, availability and cost, figuring out the best way to get anywhere continues to be a pain point for millions of travellers.
Last year we invested in GoEuro, a Berlin-based company led by Naren Shaam, which is transforming the way we search and book intra-city travel tickets across Europe. In just three years Naren has put together a world-class team and built from scratch a real-time booking platform for buses and trains connecting more than 500 transport providers across 12 countries in Western Europe - that’s up from 150 providers when we first invested.
Technology is approaching the greatest inflection point that we have ever seen. As technology disrupts transport, food, financial services, health, real estate and more, all of the new value is going to be created by companies with technology at their core. At the same time, Europe is approaching an inflection point as an ecosystem. When Atomico started, very few people believed that Europe could produce multiple billion-dollar companies. Since then, there have been 44.
Europe has the right ingredients for far greater tech success in the decade to come. The funding is available, there is a healthy new crop of ambitious founders and, with over 1.6m developers across the region, we also possess the key talent. However, scaling a world-leading business is difficult and ambitious entrepreneurs still need guidance, support and advice from experienced tech leaders and experts.
That is why we have spent the last year transforming Atomico into a platform that brings together a critical mass of Europe’s greatest entrepreneurs, executives, and angel investors.
Online video content has exploded over the last few years, and consumers have come to expect high-quality video anywhere, and on any device. As we go forward, this presents a huge technical challenge. It’s the web’s next big problem, but it’s also a huge market opportunity: the time spent watching online video is still less than 20% of linear TV programming. As the viewing habits of millennials become the norm, and new technology like VR and 360 degree video comes to fruition, the web will need to adapt.
Technology has driven profound change in content creation and media distribution in the last few years. As end-users, the way we consume content has rapidly evolved too. We are no longer restricted to a handful of distribution channels, and data driven publishers serve us with highly relevant stories, videos, podcasts, memes and much more. Today, we expect content we love to be delivered to our timelines, where we can engage with it. If we can’t find what we want, we can curate it ourselves.
On Tuesday 26th July 2016, Hailo and mytaxi announced plans to join forces to create Europe’s largest taxi e-hailing company with over 3 million customers and 100,000 registered taxi drivers in over 50 cities across nine countries.
AI being a discipline that has come of age emphatically in the last few years, significant European acquisitions like DeepMind, Swiftkey and, last week, Magic Pony, make a strong case that the region is at the vanguard of the current revolution.
To discuss how we can continue to build upon this momentum and support the European AI startup ecosystem, earlier this week we gathered a small group of visionary European entrepreneurs, academics and investors for a discussion.
On July 4th 2016, ChemistDirect.co.uk and Pharmacy2U announced merger, establishing a clear digital-only leader in the burgeoning UK online pharmacy sector. The move creates a business with a customer base of 1.5 million, and brings together a combined team with unrivalled experience in digital pharmacy services.
By The Atomico Team
Let's face it: Brexit was not the result we wanted. And while there is much still to be worked out -- like how long the divorce will take, what rules will govern cross-border trade and immigration, how long the markets will take to settle down, and whether other countries may follow -- what is certain is that the British people have spoken, and the British government will carry out the will of the people.
We are delighted to announce that we have just led a $42m Series B round for Jobandtalent - a disruptive startup that solves two major pain-points in the world of recruitment: matching the right talent with the right jobs, and massively reducing the bureaucracy involved in the hiring process. We are very impressed with the founders’ vision and execution capabilities so we are excited to join Juan and Felipe on their mission to reduce unemployment and hiring inefficiencies around the world.
London is one of the world’s leading hubs for financial services and has become a major centre for FinTech, with startups moving services like money transfers, wealth management and consumer banking online, reducing bureaucracy and costs.
Visual mapping, like Google’s Street View, has traditionally been a complicated and lengthy process, resulting in significant time lags between the process of collecting the images and those images appearing online.
Online grocery shopping has exploded globally, with particularly rapid adoption in the UK. Although the proportion of British shoppers buying their food online continues to grow - with the market set to double in value by 2020 to £17.2bn - online grocery shopping remains relatively underpenetrated at around 5% of total sales. Technology trends have allowed juggernaut supermarkets to innovate but the value chain itself has remained largely undisrupted. And growing consumer demand for convenient delivery of the highest quality, locally sourced food has remained largely underserved - until now.
We’ve always believed that successful founders can play a vital role in the growth of startups and the development of our ecosystem as a whole. That’s why we set up Atomico, and why we recently announced partnerships with a number of top European entrepreneur-investors to support our next generation of superstar founders.
We’re at a defining moment for European technology. We’ve proven beyond doubt that Europe’s entrepreneurs can achieve enormous success, with 41 European billion-dollar companies founded since 2003 - including 12 that reached the threshold since the beginning of last year alone. The question is no longer whether Europe can produce brilliant, global successes; it’s what we need to do to take it to the next level.
Technology has completely transformed the way we search for and book our travel tickets. But with so many ways to get around and so many operating companies, it’s difficult to seek out the best deals. Berlin-based GoEuro has developed a single platform enabling people to find the fastest, cheapest and simplest way of getting from Amsterdam to Barcelona, whether by rail, bus, air or car.
The way we find a place to live or to stay on holiday has changed radically in recent years. Technology has transformed the way we search for a new house or find a room to sleep in while we’re on holiday - whether that’s a hotel, an empty house or a spare room. Yet outside the world of holiday rentals, regularly securing a new place to live remains a laborious and complicated process, particularly for students.
Like successful companies, successful ecosystems go through distinct stages. Having conducted one of the most comprehensive studies ever undertaken into European tech, it is clear to us that 2015 has been a breakthrough year in which our major hubs have gone to a new level.
View our report in full:
Healthcare is one of the world’s biggest sectors and makes up around 8% of global GDP. Yet, despite being a multi-trillion dollar industry, large parts of it have yet to be significantly disrupted by innovative technology. Too many of its functions are broken and get in the way of good care. No one suffers from this more than patients, left to navigate through a fragmented and friction-filled system on their own.
Education is a huge part of the global economy. It accounts for around 6% of global GDP and, more importantly, impacts the lives of almost everyone on Earth. Despite this, it has barely been disrupted by technology.
In some ways this is understandable, the education market is fragmented, heavily-regulated and difficult to crack.
But true entrepreneurs relish these challenges and this was the case when Masa Watanabe, the co-founder of DeNA - the hugely successful Japanese mobile and e-commerce company - founded Quipper in 2010. Quipper produces cross-platform, cross-device software that allows teachers to set and track assignments, answer students’ questions via IM, and monitor individuals’ learning progress.
Atomico was founded on the belief that great technology companies can come from anywhere, not just Silicon Valley. We have always believed that the greatest opportunity available to investors today is in identifying these companies in tech hubs like Berlin, Helsinki, London and Stockholm, and adding genuine value to them through our experience and expertise.
This week we are extremely proud to see two of our portfolio companies achieve huge milestones that are testament to this belief.
This is the best time in history to be a technology entrepreneur in Europe, or indeed outside Silicon Valley.
Over the past decade, the start-up world has undergone huge change. As data we published last year showed, the majority of billion-dollar internet companies founded since 2003 were actually built outside the Valley. For me personally, the journey has been eye-opening – from the early days at Skype, when most people dismissed the idea of building a company from Sweden, to today, when Atomico is proud to be an investor in Supercell, Truecaller, Klarna, ZocDoc and other successful companies that started life in places like Helsinki, Stockholm, New York, London and elsewhere.
How has a change this dramatic been possible in such a short time?
Atomico has always believed that great companies come from anywhere and we continue to be passionate about the ideas and innovation we’re seeing in cities across Europe. Our head office is based in London, and in January we announced that we’d taken space at Factory in Berlin. Today we’re thrilled to announce our third European base at Stockholm’s SUP46 - one of Sweden’s most exciting incubators. We’ve been actively involved in Stockholm’s ecosystem for a number of years investing in Klarna, Wrapp and Truecaller and now we’re excited to double down.
Sweden has always been close to our hearts. It’s home to our founding partners and it’s where Skype - the first billion-dollar technology company outside Silicon Valley - was born. But our commitment to Sweden and the Nordics is rooted in the huge respect we have for the innovation and ambition of its entrepreneurs.
In order to find the world’s best entrepreneurs and help them scale internationally, we’ve always believed in the importance of a global team with deep experience and world-class insight.
Today, we’re proud to be adding to our presence in London, Beijing, Tokyo, Sao Paolo and Istanbul, by taking space in Berlin too. Berlin has a fast-growing ecosystem that we’ve been actively involved in for many years, including making an investment in 6Wunderkinder, and now we’re excited to double down.
We’ll be taking space in a tech hub we greatly admire - Factory - and our team will be spending plenty of time there. If you’re an entrepreneur there, we look forward to seeing much more of you!
We’re also delighted to welcome Chris Barnes and Yann de Vries to the Atomico team, both of whom will bring decades of experience to our growing network.
We’ve always believed that great companies can come from anywhere. In October 2014 we launched a first-of-its-kind analysis illustrating the international distribution of software companies that have reached a valuation of $1 billion.
Contrary to popular perception, over the past ten years the majority of billion-dollar software companies were actually founded outside Silicon Valley. In the first update to our research, published today, we see that the rest of the world is continuing to outpace the Valley.
This time, we’ve also looked at the leadership it takes to reach the billion-dollar milestone. New metrics reveal ‘founder CEOs’ are far more likely than ‘professional CEOs’ to lead a business to this level of valuation.
As we studied new entrants to the list and analysed the leadership of all 156 companies meeting the mark, some surprising trends emerged:
Atomico was founded on the idea that great companies can come from anywhere, and the ambition to find the world's best entrepreneurs and help them scale their companies globally. That means bringing together a team with deep insight, networks, and experience of scaling - from top-tier investment professionals, to our international team across China, Japan, Brazil and Turkey as well as London, to leaders in talent and communications.
We have always believed that great companies and entrepreneurs can come from anywhere. Like athletes and artists, the qualities needed to be a world-class entrepreneur - vision, courage, technical knowhow, the ability to build a great team, and a deep competitive streak - are not confined to any one country. And the spread of the Internet, open source software and cloud computing over the past decade has removed many of the traditional barriers to starting a technology business.
That said, there are still many who believe that the majority of truly successful companies come from Silicon Valley alone, and that the other emerging ecosystems are still reaching maturity.
Given the speed of technological change and the number of entrepreneurs founding companies around the world, it can be hard to get an accurate picture of what’s going on. So we combined data from multiple sources along with our own research, and for the first time looked at the global distribution of Internet and software companies founded within the last decade that had reached a valuation of over $1 billion. Valuation isn’t everything and is in many senses a crude yardstick, but the billion-dollar mark is generally accepted to represent truly phenomenal success.
Mobile phones are central to our lives, but despite all of today's tech advances, until recently little has been done to make the phone experience more intelligent, powerful and useful. For millions of people, it can still be hard work to make sure they have the right information to stay connected to businesses and people who matter to them, while avoiding nuisance calls from spammers who don't.
That's why we're delighted today to be investing in Stockholm-based Truecaller in a $60m Series C round, alongside Kleiner Perkins Caufield & Byers and Sequoia Capital. Truecaller aims to help users connect as easily as possible, with more than 85 million people who use the service to search the right contact numbers and identify incoming calls.
The $150B+ global news industry has been undergoing a profound transformation for well over a decade. News is more accessible and more widely consumed than ever before, but the means of delivery and the industry’s economic model are still undergoing significant disruption.
If the first wave of change was brought by the explosion of desktop Internet access, the second wave has been fuelled by the spread of smartphones and tablets, enabling entirely new ways to discover and consume news. Against this backdrop of ongoing disruption, there is a huge opportunity for products that are both loved by users and also work economically for news publishers.
Bebê Store (www.bebestore.com.br), Brazil’s leading online baby goods retailer and a company we've been proud to back since 2011, has just announced the acquisition of its main competitor in the country - Baby (www.baby.com.br).
We’ve believed in founders Leonardo and Juliana Simão and their vision for Bebê Store for a long time, becoming their first outside investors. Since then, we've worked with the team to help scale the business and are delighted that they're consolidating their leadership of the market with this transaction. Baby has undoubtedly been a major player in Bebê Store’s field, having attracted over $50 million in investment prior to its acquisition, and the combination of their operations will help Leonardo, Juliana and the team take the business to a new level of success.
Last week EVRYTHNG, the Internet of Things software company, made its latest announcement in its mission to connect – well – everything, with a new $7m investment round. The team has won awards and recognition as a pioneer in this fast-growing and global space, and as a previous investor we’re proud to be leading this funding round alongside Cisco Systems, BHLP and Dawn Capital.
EVRYTHNG’S good news capped off a strong start to 2014 for our friends across the world, with many of our portfolio companies continuing their impressive momentum with great news of their own.
We love working with entrepreneurs who have the ambition to disrupt huge global markets, and it’s hard to think of a more important opportunity than education - a fundamental global good and a $5 trillion market.
For all the amazing tools that have entered universities and classrooms in recent years, education is still fundamentally tied to a one-size-fits-all model. We all know that students vary widely in how they learn, but they’re still taught the same material in the same way, with the same tests and the same homework assignments.
Niklas Zennström, Atomico's CEO and Founding Partner, has been recommended by the Election Committee to become a new member of the Board of H&M, the world's second largest global fashion retailer. We have long admired the way H&M has disrupted the traditional global fashion supply chain to become an amazing business with the largest market cap on the Stockholm stock exchange. An incredible story.
We love working with high-growth companies who we can help to scale domestically and internationally. In 2012 we invested in the outstanding team at Klarna, who are disrupting the huge and fast-growing online payment market - and we're delighted to say we're now increasing our investment by helping to back Klarna's acquisition of SOFORT in Germany.
We founded Atomico to help companies scale disruptive products globally. As entrepreneurs ourselves we know the challenges this involves, and we brought together our Value Creation Team, which includes many of the initial global team that scaled Skype, to help our portfolio companies expand into new markets and hire the talent they need.
Effective communication is another key piece of the puzzle. As they scale, our portfolio companies see tremendous value in being able to tell a clear and compelling story about their vision and achievements, and in building a global brand that will resonate with users, customers, partners and employees from Berlin to Beijing.
Future Fifty recognises the UK’s most innovative and potentially transformative growth companies. It’s a great programme that helps the chosen businesses find support and advice from the UK Government and private sector experts to help them become world-class companies.
So we are delighted that ChemistDirect is one of this year’s very select group of Future Fifty. It’s a brilliant recognition of not only the hard work from CEO Stuart Rowe and everyone in the business - but a sign of the huge potential that the company has.
Great companies can come from anywhere. Talent, ambition and success know no borders. And no matter where they start out, these days great companies can also scale internationally from anywhere. As we’ve seen recently, the very best are becoming global leaders and doing so faster than ever.
That doesn’t make it easy. Technology has simplified many things, but when it comes to expanding internationally, the business and cultural challenges remain hard - most people underestimate just how hard. But it’s vital to building lasting success at scale.
We know that great companies can come from anywhere, and we spend a lot of time with entrepreneurs outside Silicon Valley who have the potential to build international, category-winning businesses. So when we first met Berlin-based entrepreneur Christian Reber, we knew that he and his co-founders were creating something special with 6Wunderkinder and their beautiful to-do list product Wunderlist.
We could not be happier for our friends at Supercell. Today’s news that Softbank and GungHo have made a strategic investment in Supercell, giving them a 51% share that values the company at $3B, is an amazing story for a company that released its first two games, Clash of Clans and Hay Day, just over a year ago. We take our hats off to what Ilkka Paananen and Mikko Kodisoja, Supercell's co-founders, and their truly phenomenal team have achieved so far - and the even more exciting part is that there is a lot more to come.
When we first met Ilkka and Mikko, we were immediately struck by their global ambition, clear strategy and a genuine passion for building a business with a strong culture of talented people. They deeply understood that a strong brand needs not just passionate customers, but also passionate employees. The more time we spent with them and their team, the more excited we became.
When we first met David and Siraj, the founders of The Climate Corporation (or Weatherbill, as the company was called back in 2007), we were immediately struck by their vision, courage, foresight and ambition.
The team had set themselves a huge goal: the use of technology to take on the global insurance industry. Long before "big data" became a ubiquitous buzzword, they had seen the potential for data to impact the many millions of people around the world whose livelihoods are affected by the weather. In many ways, the scale of their global, disruptive ambition felt a lot like our ambition when we started out with Skype. Although Atomico now focuses on hyper-growth, later stage companies, back then we felt an instant connection and decided to be an early investor.
There is a lot of debate at the moment about how the digital wallet battle will be won, and who will win it, with many believing that by the end of 2014 we will start to know the most likely winners and losers.
Social gifting, and its intersection with social marketing will be a key component of this battle, and Wrapp has so far succeeded in building the leading friend-to-friend marketing platform as well as the leading brand within the category, with the most traction in this space, with roughly ten times the activity of competitors. Crucially Wrapp has shown that it can drive millions of redemptions in offline stores using digital gift cards.
Atomico has just hired Dan Hynes as our Managing Director for Talent. Dan, the former Director of Global Staffing at Skype join our growing Value Creation Team, a team dedicated to supporting our portfolio companies and sharing best practices.
Dan's arrival means we now have a dedicated resource to help our portfolio companies recruit great people to support their growth. It is the people who make the difference between a good company and a great one, and ultimately industries are redefined by the raw talent of individuals. Dan has unrivalled global experience, and a unique network and knowledge working with high growth companies that have successfully scaled globally.
Anyone who has opened up the iOS app store over the last six months would have seen Supercell dominating the top grossing charts, and not just in western markets, also the much more mature and competitive Asian markets like China, Japan, and Korea, where free-to-play games are nothing new. For Supercell's founders Ilkka and Mikko and their team to achieve this with a game that is yet to be localised and is still just in English is nothing short of remarkable.
Interestingly, we do not invest in many games developers, even though the gaming industry is in the middle of a major disruption, driven by smartphone and tablets, and also the globalisation of platforms enabling the most successful companies to compete in all markets. In fact Supercell is only our third investment in this space, out of nearly 60 investments overall. There are 1000's of great games, and no shortage of quality developers, so why have we been so cautious? And why do we think Supercell is different?
We are pleased to announce that W7 Brazil Capital and Atomico have invested $10m into Bebê Store - the leading online baby and children's goods website in Brazil with over $20m of annualised revenue, and $18m of total capital raised.
Bebê Store is an example of the second generation of emerging market ecommerce players. The first generation simply needed more capital than their competitors, as once a business was clearly ahead from a capital standpoint it became difficult for the other players to raise funds. This became a self-fulfilling prophecy where the best-funded got stronger, and the others struggled. However it is now much more capital efficient to start an ecommerce company, with open source back-ends, and high quality 3rd party logistics providers, that the battle has shifted to front-end innovation - i.e. the core strength of the product itself.
Atomico is pleased to announce our $16 million investment in OneTwoTrip. Since OneTwoTrip’s launch in 2011, the company has established itself as the leading online travel agency in Russia, with over $450 million of annualised bookings.
OneTwoTrip offers a unique and truly globally competitive service in a way that few companies have been able to achieve. When we first spoke to Peter Kutis, the CEO and Founder of OneTwoTrip, in early 2012, we immediately understood that he was unique in having identified and executed on the real underlying needs of the travel market.
Atomico is pleased to announce that it has led Fab's $105 million Series C round. Fab is the leading website in the US and Europe for design inspiration and sales. It is one of the fastest growing ecommerce companies of all time forecasting sales of around $150 million in 2012 which is well in excess of 5 times last year's sales.
In addition to this stellar growth, Fab is building an iconic global brand that is synonymous with great design. Just like our investments in Klarna and Rovio, we believe strong brands are crucial to build an emotional relationship with customers and suppliers, ensuring their long-term commitment and loyalty.
Atomico, the technology investment firm founded by Niklas Zennström, also known as a co-founder of Skype, today announced the hiring of Shinichi Iwata, former President of Skype Japan, to head up their new Tokyo office. Shin joins Atomico’s growing network of Market Expansion Professionals, and will focus upon Japan.
Atomico invests in technology companies around the world, primarily in the internet area, and has made more than 50 investments on four continents. It looks for companies that have remarkable growth prospects and outstanding management teams. The firm is headquartered in London and has offices in São Paulo, Beijing, Istanbul, and now also Tokyo.
London, UK – Friday 18th May 2012: Quipper, the e-learning start-up led by Masa Watanabe, a co-founder of Japanese mobile social gaming company DeNA, today announced that it has raised £2.3m ($3.6m) of Series A funding.
The London-based company also revealed that its users have answered questions on the platform 85m times since it launched in October.
CONNECT/DAKOTA PARTS AND BEBÊ STORE HAVE GREAT OPPORTUNITIES, VENTURE CAPITAL FIRM SAYS
SÃO PAULO, BRAZIL – February 24, 2011- Atomico, the international venture capital firm founded by Niklas Zennström, also known as a co-founder Skype, today announced its first two investments in Brazil, following recent investments in other Latin American countries.
Emergence Capital Partners, Kaszek Ventures, Atomico and Storm Ventures Invest in the Leading Online Restaurant Reservation System in South America.
23 February – Argentina – Restorando, the leading online reservation platform for restaurants in Latin America, announced that it has secured $3.2 million in Series A funding. The funding round is led by Emergence Capital Partners, a California-based venture capital firm focused on technology enabled services, with participation from Kaszek, a newly raised fund for Latin America by the founders of Mercadolibre (NASDAQ: MELI), Atomico, the London-based firm founded by Skype co-founder Niklas Zennström, and Storm Ventures. Concurrent with the funding, Santi Subotovsky from Emergence Capital and Alex Mendez from Storm Ventures joined Restorando’s board of directors.
The Social Network, the movie about the creation of Facebook, has won awards around the world. In the UK’s The Sunday Telegraph newspaper Niklas gave his views on the film, and the reasons why entrepreneurs should watch it.
Accel Partners and Atomico Ventures Co-Lead Investment Round with Felicis Ventures Participating
Espoo, Finland – 10 March, 2011 – Rovio, the creator of the Angry Birds entertainment franchise, today announced a $42m Series A investment in the company to facilitate its strategic expansion.
Fon, the world’s largest WiFi network, announced today at the Mobile World Congress in Barcelona, that it has secured €10 million ($13.5 million) in new funding led by Atomico, the venture capital firm founded by Niklas Zennström, co-founder of Skype.
Coral Group and other existing Fon investors also contributed to the round designed to help Fon take advantage of the growing demand for WiFi from smartphone and tablet users, and to expand their efforts in the US and elsewhere. The funding follows previous rounds, which raised a total of more than €40m since the company was founded by serial entrepreneur Martin Varsavsky (Jazztel, Viatel) in 2006.