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Atomico

Atomico

London, United Kingdom·Founded 2006··atomico.com

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.

AUM
€4.1B
Funds
6
vintages 2009–2024
Portfolio
36
Exits
9

Atomico is a London venture capital firm with €4.1B AUM, 36 active companies and 9 exits.

Key takeaways
  • ·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 companies
HealthTech
7 · 16%
AI/ML
5 · 11%
Software
5 · 11%
Fintech
4 · 9%
SaaS
3 · 7%
Deep Tech
2 · 4%
ClimateTech
2 · 4%
Aerospace & Defence
2 · 4%

Geography breakdown

15 geographies
UK
12 · 27%
Germany
6 · 13%
United Kingdom
5 · 11%
US
4 · 9%
Finland
3 · 7%
Netherlands
2 · 4%
United States
2 · 4%
Norway
2 · 4%

Key facts

HQLondon, United Kingdom
Founded2006

Recent exits

Lakera

Atomico sold Lakera to Check Point Software Technologies in 2025 after 1 year.

Hinge Health

Atomico took Hinge Health public in 2025 after 8 years.

Klarna

Atomico took Klarna public in 2025 after 11 years.

Atomico sold Graphcore to SoftBank in 2024 after 6 years.

Partners

Niklas ZennstromFounding Partner & CEO

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.

Niklas Zennstrom
Founding Partner & CEO

Funds & portfolio

Every fund Atomico has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
Atomico Growth VI
Growth2024€694M6 assets

Unrealized

6 held
CompanyEntry
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 VI
VC2024€446M21 assets1 exits

Unrealized

21 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Lakera
Cybersecurity · Switzerland
20242025Trade SaleCheck Point Software Technologies–
Atomico V
VC2020€754M7 assets

Unrealized

7 held
CompanyEntry
Aiven
Cloud Infrastructure · Finland
2021
Corti
HealthTech · Denmark
2023
Digitail
SaaS · Romania
2023
Harbor Lab
Software · Greece
2024
Light
TMT · Denmark
2024
Opna
ClimateTech · UK
2023
Pelago
HealthTech · UK
2023
Atomico IV
VC2017€704M2 assets3 exits

Unrealized

2 held
CompanyEntry
Framer
Software · Netherlands
2018
Healx
Biotech · UK
2019

Realized

3 exits
CompanyEntryExitTypeBuyerMOIC
Graphcore
Deep Tech · UK
20182024Trade SaleSoftBank–
Hinge Health
HealthTech · US
20172025IPOVitruvian Partners–
Lilium
Aerospace & Defence · Germany
20172021IPO––
Atomico III
VC2013€439M0 assets3 exits

Realized

3 exits
CompanyEntryExitTypeBuyerMOIC
Klarna
Fintech · Sweden
20142025IPO––
Knewton
EdTech · US
20142019Trade SaleWiley–
Supercell
Gaming · Finland
20132015SecondarySoftBank–
Atomico Ventures II
VC2009€245M0 assets2 exits

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
Hailo
Mobility · UK
20122016Trade Salemytaxi / Daimler Mobility Services–
Rovio Entertainment
Gaming · Finland
20112017IPO––

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.
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Last updated August 2026 · Sourced from public filings · Report an issue