London-based VC Atomico is opening new offices in Europe with new local hubs in Berlin and Stockholm and an expansion to its Paris office.
It says that 75% of investments from its most recent fund have been in EU based firms, and more than half (58%) of its investors hold an EU passport. 17 of the 26 billion dollar companies Atomico has so far partnered with, have been headquartered in Europe - more footholds on the continent is the next logical step.
"Atomico’s founding mission was to help build a strong European technology ecosystem. Seventeen years later the region is flourishing and we’re just as committed - extending our presence on the ground is a natural next step. Even in this age of remote working, European tech thrives on in-person community building and we want to be at the heart of that. I’m enormously excited to help a new generation of technology start-ups scale from Europe to the rest of the world," says Atomico founder and CEO, Niklas Zennström.
The European team will include Mathieu Marc, VP and Konstantin Zedelius, VP, full-time in France and Germany respectively, supported by Partners Laura Connell and Luca Eisenstecken who are active in each market. The Stockholm hub will be supported by Associate Amanda Hultman and Partner Andreas Helbig.