Atomico
Atomico (UK) Partners LLP is a London-based pan-European venture capital firm founded in 2006 by Niklas Zennström, the co-founder of Skype, and Mattias Ljungman, investing in mission-driven technology companies from Series A through pre-IPO across Europe. The firm has invested in over 200 companies in 15+ European countries, with portfolio holdings including Klarna, Stripe, DeepL, Supercell, Pipedrive, Aiven and Neko Health, and has produced multiple billion-dollar outcomes through IPOs (Rovio, Lilium, Hinge Health, Klarna) and trade sales (Supercell to SoftBank, The Climate Corporation to Monsanto). Atomico operates from London with additional offices in Paris, Berlin and Stockholm and reports over USD 4.5 billion in assets under management as of 2023, with six successive vintages raised in USD. The firm is registered in England and Wales and is authorised and regulated by the UK Financial Conduct Authority under firm reference number 513515 with AIFM permission.
Atomico is a London venture capital firm with €4.1B AUM, 36 active companies and 9 exits.
- ·5 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 9 realized deals: 5 years.
- ·Fund cadence: ~3Y between vintages · last raise 2024.
Sector breakdown
45 companiesGeography breakdown
15 geographiesKey facts
Recent exits
Atomico sold Lakera to Check Point Software Technologies in 2025 after 1 year.
Atomico took Hinge Health public in 2025 after 8 years.
Atomico took Klarna public in 2025 after 11 years.
Atomico sold Graphcore to SoftBank in 2024 after 6 years.
Partners
Coverage notes
6 funds tracked, 45 portfolio companies (36 active · 9 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Atomico has raised, with its portfolio companies. Hand-checked from public filings.
Atomico Growth VIGrowth2024€694M6 assetsGrowth2024 · 2yr€694M6–
Unrealized
6 held| Company | Entry |
|---|---|
| CADDi AI/ML · Japan | 2025 |
| DeepL AI/ML · Germany | 2023 |
| Mews Hospitality · Netherlands | 2026 |
| Nourish HealthTech · US | 2025 |
| Pomelo Care HealthTech · US | 2026 |
| TravelPerk SaaS · Spain | 2025 |
Atomico Venture VIVC2024€446M21 assets1 exitsVC2024 · 2yr€446M211
Unrealized
21 held| Company | Entry |
|---|---|
| Andercore Germany | – |
| Ankar AI/ML · UK | 2025 |
| Ben HR Tech · UK | 2022 |
| Callosum Software · United Kingdom | 2026 |
| ClaimSorted Fintech · UK | 2025 |
| CodeRabbit DevTools · United States | 2026 |
| Deeploi SaaS · Germany | 2024 |
| Dexory Logistics · UK | 2023 |
| Electric Twin United Kingdom | 2026 |
| Frontier Health HealthTech · United Kingdom | 2026 |
| Lace Lithography Deep Tech · Norway | 2026 |
| Neko Health HealthTech · Sweden | 2023 |
| OpenFX Fintech · United States | 2026 |
| PhysicsX Software · United Kingdom | 2025 |
| Plato AI/ML · Germany | 2026 |
| Raycast Software · UK | 2024 |
| Scarlet United Kingdom | 2024 |
| Strise Fintech · Norway | 2023 |
| tem. ClimateTech · UK | 2024 |
| The Exploration Company Aerospace & Defence · Germany | 2026 |
| Wonder Studios AI/ML · UK | 2025 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Lakera Cybersecurity · Switzerland | 2024 | 2025 | Trade Sale | Check Point Software Technologies | – |
Atomico VVC2020€754M7 assetsVC2020 · 6yr€754M7–
Atomico IVVC2017€704M2 assets3 exitsVC2017 · 9yr€704M23
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Graphcore Deep Tech · UK | 2018 | 2024 | Trade Sale | SoftBank | – |
| Hinge Health HealthTech · US | 2017 | 2025 | IPO | Vitruvian Partners | – |
| Lilium Aerospace & Defence · Germany | 2017 | 2021 | IPO | – | – |
Atomico IIIVC2013€439M0 assets3 exitsVC2013 · 13yr€439M03
Atomico Ventures IIVC2009€245M0 assets2 exitsVC2009 · 17yr€245M02
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Hailo Mobility · UK | 2012 | 2016 | Trade Sale | mytaxi / Daimler Mobility Services | – |
| Rovio Entertainment Gaming · Finland | 2011 | 2017 | IPO | – | – |
About Atomico
Atomico is a pan-European venture capital firm with approximately $5 billion of cumulative assets under management as of December 2024 (Atomico Venture VI $485 million plus Atomico Growth VI $754 million closed September 2024 = $1.24 billion latest raise, on top of prior fund vintages V $820 million, IV $765 million and III $476 million), headquartered in London with offices in Paris, Berlin and Stockholm. The firm was founded in 2006 by Niklas Zennström (Skype co-founder) and operates as a partner-owned independent VC firm.
Investment thesis
Atomico deploys capital through seven funds (Atomico I through Atomico VI Venture/Growth split, with the dual-fund model since 2024) targeting pre-IPO European tech investments from Seed and Series A early-stage through Series B and pre-IPO growth. Sector focus spans enterprise SaaS, fintech, consumer, AI and deep tech, climate and health, with geographic deployment pan-European with global scaling support. The operator-led model combines deep technology expertise with the globally focused scaling network, supported by the flagship State of European Tech report published annually as a thought-leadership anchor.
Recent activity
Recent realised exits include health and digital therapeutics (2026), AI and data infrastructure (2026), fintech (2025) and healthtech (2025). Recent investments include Tem (Series B, January 2026), Lace Lithography (Seed, 2026) and Lakera (Series A, 2025). The platform continues active deployment across the dual Venture and Growth fund vintages.
Portfolio platforms backed by Atomico made 13 researched add-on acquisitions during its ownership.
Frequently asked questions
- What investment strategy does Atomico focus on?
- Atomico focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Atomico have?
- Atomico has 36 active portfolio companies and 9 completed exits and 6 funds tracked on GP Intel.
- Where is Atomico headquartered?
- Atomico is headquartered in London, United Kingdom.
- What is Atomico's assets under management?
- Atomico manages approximately €4.1B in assets under management.
- When was Atomico founded?
- Atomico was founded in 2006.
- What sectors does Atomico invest in?
- Atomico invests across TMT, Software, Healthcare, Financials.
- What are Atomico's recent exits?
- Recent realized exits by Atomico include: Lakera (2025) to Check Point Software Technologies; Hinge Health (2025) to Vitruvian Partners; Graphcore (2024) to SoftBank; Knewton (2019) to Wiley; Hailo (2016) to mytaxi / Daimler Mobility Services; Supercell (2015) to SoftBank.
Similar firms
Other private equity firms tracked on GP Intel.