About This Fund
Atomico Growth VI is the first dedicated growth-stage vehicle from Atomico, the London-based venture capital firm founded by Skype co-founder Niklas Zennström. The fund closed in September 2024 at $754 million, forming part of Atomico's largest-ever fundraise of $1.24 billion alongside its early-stage Venture VI fund. Growth VI marks a significant strategic evolution for the firm, establishing a dedicated capital pool to support portfolio companies through their later expansion phases from Series B rounds through to pre-IPO stages, without conflating early-stage and growth check sizes within the same vehicle.
The fund targets European technology companies with proven product-market fit and accelerating revenue growth, providing follow-on financing as companies scale across international markets. Investment focus spans artificial intelligence, software infrastructure, climate technology, and digital health, reflecting the sectors where European startups have demonstrated global competitive advantages. Atomico Growth VI participates in Series B through late-stage rounds, with the flexibility to lead or join syndicates alongside other growth equity specialists and crossover funds as companies approach public market readiness.
The fund had deployed capital across more than 20 investments at the time of close, reflecting Atomico's proactive approach to putting capital to work ahead of the final close. British Patient Capital, the commercial investment arm of British Business Bank, committed £30 million to Growth VI as part of a £60 million total commitment across both Atomico funds. The British Business Bank's participation underscores the fund's focus on European founders building companies with global ambitions, consistent with Atomico's historical backing of companies including Klarna, Lilium, and Supercell in earlier fund vintages.