This is its largest fundraise to date, Atomico says, although falling slightly short of itsinitialtargetof $1.35bn.
The total amount is a combination of two different funds.
Launched in 2006 by Skype co-founder Niklas Zennstrom, Atomico has employed a founder-focused approach.
It counts over 155 investments across 15 European companies.
The VC firm says that one in six of its portfolio startups is currently valued above $1bn.
This includes machine translation companyDeepLand buy-now-pay-later unicornKlarna.
European technology is coming of age, said Zennstrom.
Data shows Europe is leading the world at the early stage with a wealth of new startups.
However, the picture is different for late-stage funding, whichalmost halvedin 2023 compared to the previous year.
But there are signs of recovery.
VC investmentrose to $29bnin the first half of 2024, with energy and GenAI startups driving growth.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
