Fintech startup Cleo secures £2 million in new round of funding

Financial management app Cleo has raised £2 million led by Local Globe’s Robin Klein with participation from Atomico CEO Niklas Zennström and Albion founder Jason Goodman. Launched in January, Cleo uses AI to monitor your bank accounts and manage your money. According to the company, it’s currently managing £400 million in assets where it handles […]

Hinge Health raises $8 million to help monitor knee and back pain

Digital health startup Hinge Health has raised $8 million in a Series A round led by Atomico. The startup, which was founded in London but is now based in San Francisco, develops hardware and software for monitoring musculoskeletal (MSK) disorders, like knee and lower back pain. Its wearables analyse a user’s condition and delivers results […]

Firstminute Capital closes $60 million seed fund with help from Atomico

Firstminute Capital has closed its new seed fund at $60 million to invest in early stage European tech companies. The London-based firm will invest between $250,000 and $750,000 in startups and is currently hiring for its team. The fund was founded by executive chairman, Brent Hoberman and general partner and head of investments, Spencer Crawley. […]

Atomico report: Europe’s game companies need to look east to China

China presents a significant opportunity for European games companies but the market remains a difficult one to crack, according to a report from VC firm Atomico. In the last 15 years there have been 24 billion-dollar games companies, six of which are European (11 are Chinese). Europe is considered the global capital of mobile games […]

On-demand logistics platform OnTruck raises $10 million Series A

OnTruck, an on-demand logistics platform based in Spain, has raised $10 million in a Series A round led by Atomico and Idinvest. Existing investors Point Nine Capital, La Famiglia, and Samaipata Ventures also contributed to the round. OnTruck’s platform automates the process of connecting a shipment to carriers’ trucks with users selecting price specs and […]

Atomico closes its fourth fund at $765 million

VC firm Atomico has announced the close of its latest fund at $765 million. Its fourth fund, dubbed Atomico IV, will invest in European startups from Series A on that have global potential. The fund, and its “value creation” model, is bolstered by an investment team of former executives from Google, Facebook, Uber, and Spotify […]