Fund News

110799

Atomico raises $285 million for third fund

VC firm founded by Skype co-founders can still raise another $105 million

Innovation series by Steven Loeb
October 25, 2012 | Comments
Short URL: http://vator.tv/n/2b34

UK investment firm Atomico Ventures has raised a $286 million fund, according to a filing with theSecurities and Exchange Commission.

The amount raised so far is $286,798,700, out of a total offering amount of $391,980,000. That leaves an additional $105,181,300 to be raised.

This is Atomico’s third fund. The firm previously raised a second fund of $165 million in March 2010.

Atomico has invested in companies in Europe, North America, South America and Asia. It’s investments include women’s digital media company DECA, wireless network company Fon, designer furniture and home accessories site MyDeco, blog search engine Technorati, e-commerce payment system TrialPay, ticketing reseller company Viagogo and inbox organizer Xobni.

At least eight of the companies that Atomico invested in have either been acquired or gone public: music streaming service Last.fm, which was acquired by CBS Interactive for $280 million; social gaming networking website Playfire, which was acquired by Green Man Gaming in 2012; social media management system Seesmic, which  was purchased by Hootsuite in September; Skype, which was was bought by eBay for $3.1 billion in 2005; social and casual game developer Zattikka, which IPOed on the London AIM in 2012;  instant messaging service Heysan, which was  was acquired by Good Technology in 2009; digital media platform Kyte, which was  was acquired by Kit Digital in 2011; and consumer product operating system Power Reviews, which was acquired by Bazaarvoice for $151m in 2012.

Some of its most activity includes a $16 million investment in Russian online travel agency OneTwoTrip, which was announced just yesterday, and leading a $105 million funding round for design inspiration website Fab in July.

There is no word on what Atomico would use the money for, but this is how it describes its investment strategy on its Vator profile:

“We primarily invest in entrepreneurs working in consumer facing technology businesses in Europe. However we are open-minded and more excited by great teams executing big ideas than in specific regions, sectors and markets.

We invest in early stage ideas but can be opportunistic when we find a compelling opportunity. We like to lead our investments, but often partner with other investors to create a diversified team to support the entrepreneurs.”

London-based Atomico was founded in 2006 by CEO Niklas Zennström and Janus Friis, co-founders of Skype and Kazaa, though there have been rumors of a split between the two former partners, and Friis’ name does not appear on the SEC document.

Vator reached out to Atomico to find out more about the fund, and will update if we hear more.

2012 funds

Kleiner Perkins Caufield & Byers closed a $525 million fund In May. In April, early-stage venture capital firm First Round Capital announced that it was going to raise its fourth fund, with a target of $135 million, while Berlin-based Earlybird raised a $100 million fund. In March, Groupon investor NEA filed with the SEC to raise $2.3 billion, while DST, one of Facebook's biggest investors, was looking to raise $1 billion.

Andreessen Horowitz secured a $1.5 billion fund in January, announcing it had raised $2.7 billion in three years. While it has only been around since 2009, Andreessen Horowitz is already a top VC firm, raking in siginificant management fees.

In June, Khosla Ventures announced a new fund for an undisclosed amount, while Madrona Venture Group closed a $300 million fund.

In August, Sequoia Capital surpassed its goal of raising $975 million for three early-stage funds, and just yesterday Nexus Venture Partners, a venture firm whose major focus is on India-based technology startups, announced Thursday that it's raised $270 million for its third fund.

Thrive Capital closed a $150 million fund in September, and in October Trinity Ventures began targeting a $325 million fund.

In the second quarter of 2012, 38 VC firms raised a total of $5.9 billion, according to the National Venture Capital Association.

(Image source: http://www.misslopez.se/tag/andreas-ehn/)


Related companies, investors and entrepreneurs

Plogo_atomico-investing-in-disruption_atomico-logo-black
Atomico
Angel group/VC
Description: We are entrepreneurs with a global perspective who invest in passionate entrepreneurs with disruptive, powerful ideas. Through our exp...
Plogo_viagogo
viagogo
Startup/Business
Description: viagogo is an online ticket exchange that allows people to buy and sell live event tickets in a safe and guaranteed way. viagogo's mis...
Plogo_kyte-kyte_kyte_logo_orange_background
Kyte
Startup/Business
Description: Kyte is a white-label, cloud-based publishing platform for live and on-demand video. The Kyte Platform reduces the cost and complexity of...
Thumb_3074_loiclessonslearned
Seesmic
Startup/Business
Description: People share their opinion on any topic in video. There is a social software layer, much like Twitter, to follow the conversation. Loic c...
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Xobni Corporation
Startup/Business
Description: Xobni offers a new way to organize and search your Outlook email. Xobni creates profiles for each person that emails you. These profiles...
11671
Fab
Startup/Business
Description: Fab is on a mission to help people better their lives with design. Fab was founded by serial entrepreneur Jason Goldberg in February 2011...
Plogo_bazaarvoice
Bazaarvoice
Startup/Business
Description: Bazaarvoice brings the power of social commerce to the world's best brands. Social commerce happens when you connect customers to one ano...
Plogo_last
Last.fm
Startup/Business
Description: Last.fm is a social networking company which revolves around its music recommendation engine. Recommendations are made by comparing user ...
Description: PowerReviews (www.powerreviews.com) is the Internet's most comprehensive developer of customer-review solutions for retailers and their s...
Plogo_technorati-media-technorati-collects-organizes-and-distributes-the-global-online-conversation_technorati-logo-vert
Technorati Media
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Description: <!--StartFragment-->The recognized authority inthe blogosphere, Technorati collects, organizes, highlights and distributes theonline g...

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