Skype co-founder raises €757M fund to back European tech startups

Atomico, the venture capital firm set up by Skype‘s co-founder Niklas Zennstrom, has raised an additional €757 million ($820 million) to back “mission-driven” European tech startups, targetting Series A and beyond. The firm raised the funds from several institutional investors, including pension funds, sovereign wealth funds, banks, family offices, insurance companies, and government-backed entities from all over the world. [Read: What’s venture capital and why does it matter to startups] It also drew support from several founders and early team members from some of Europe’s most well-known tech companies including Adyen, Transferwise, Klarna, Spotify, and Zoopla. The new raise brings Atomico’s…

This story continues at The Next Web

Or just read more coverage about: Skype