Atomico

Founded by Skype’s Niklas Zennström, global fund Atomico has backed some of the biggest names in tech including Young Guns Hailo and Chemist Direct

Fund name: Atomico
Investor category: Venture capital
Based in: London
Website: www.atomico.com

Description:

Founded in 2006 by Skype and Kazaa co-founder Niklas Zennström alongside Mattias Ljungman, Atomico operates across Europe, North America, South America and Asia.

Investment criteria:

Atomico has an exclusive focus on early-stage and fast-growth technology companies from across the world. It has made investments in over 50 businesses to date including successful tech start-ups such as Hailo and Last.fm, and has made 13 exits with companies either acquired or going public. It looks for disruptive and game changing businesses that have already shown real signs of traction and have the potential to scale globally. The VC firm tends to invest in the e-commerce, web and mobile space.

Size of fund:

Funds raised top $640m, following a $476m close of Atomico III in 2013.

Portfolio company:

Online pharmacy service Chemist Direct has secured two rounds of investment which involved Atomico. In 2013, the fund led a $10m round to help the company increase its shares of the health and beauty sector, following a £3m deal in 2009. Founded in 2007 by Young Gun Mitesh Soma, Chemist Direct has had year-on-year revenue growth of over 90% and is now headed up by former Play.com MD Stuart Rowe after Soma exited in 2012.

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