About This Fund
Atempo Growth II is the second flagship credit fund of Atempo Growth, a leading European venture debt manager established in 2020 by co-founders Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi. The firm has built one of Europe's most active venture lending platforms, financing over 100 high-growth technology companies across the continent over the combined careers of its leadership team, who bring more than two decades of experience deploying non-dilutive capital to technology businesses.
The fund deploys venture debt capital to European technology companies at early and growth stages that already carry backing from institutional venture capital investors. By providing loans rather than equity, Atempo Growth II allows founders to extend their runways, fund product development and international expansion, and reduce dilution — complementing rather than competing with equity investors. The fund's flexible mandate accommodates a range of debt structures tailored to each borrower's stage and capital requirements, targeting high-growth technology businesses across software, fintech, healthcare technology, and other innovation-driven verticals with strong venture backing. Structured as a Luxembourg SICAV-RAIF, the fund offers institutional investors access to a diversified European venture debt portfolio.
Atempo Growth II reached a first close at EUR 300 million in April 2025, anchored by repeat investors Banco Santander — which holds a 30% strategic stake in the platform and committed up to EUR 160 million — alongside the European Investment Fund and British Business Investments. The first closing brought the platform's total assets under management above EUR 700 million. A final close of EUR 400 to EUR 500 million is targeted for Q1 2026. Atempo Growth I, the predecessor fund launched in 2022 with EUR 272 million, achieved full deployment within three years, demonstrating the depth of European demand for venture debt financing.