European VC Atomico closes $1.24B across two funds for early and growth-stage startups

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European VC Atomico closes $1.24B across two funds for early and growth-stage startups - TechCrunch

Quick Summary:

On the other hand, falling short of its funding target for earlier-stage startups is indicative that less investors are willing to back fledgling companies than Atomico had hoped.

By setting things up this way, it becomes easier for Atomico to bring contributions from more risk-averse limited partners (LPs) into the fray by enabling them to channel their cash into tried and tested businesses, rather than backing a single fund that may span anything from seed to Series F.

In the earlier-stage realm, Atomico Venture VI has plowed cash into Neko Health, Ben, Dexory, Deeploi, Strise, and Lakera, dating back to when the fund first opened in early 2022.