Atomico raises $1.24B fund for European startups from seed to pre-IPO

Atomico, one of the largest venture capital firms in Europe, has raised $1.24bn to support startups in the region. This is its largest fundraise to date, Atomico says, although falling slightly short of its initial target of $1.35bn. The total amount is a combination of two different funds. The first fund has secured $485mn for early-stage companies, primarily targeting Series A, but also including some seed investments. The second fund will focus on growth investments, to which Atomico expanded in 2011. It will allocate $754mn to support entrepreneurs from Series B up to the pre-IPO stage. Launched in 2006 by…

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