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.
The Wall Street Journal’s Venture Capital Dispatch blog has produced an account of Niklas’s talk at Stanford’s Graduate School of Business, which you can see here.