18 Comments

Summary:

Skype co-founders Niklas Zennström and Janus Friis along with ex-Skyper Geoffrey Prentice are raising a new fund for their investment vehicle, Atomico. The plan is to raise a total of 300 million euros ($450 million), 100 million euros of which is coming from Zennstrom, Friss & […]

Skype co-founders Niklas Zennström and Janus Friis along with ex-Skyper Geoffrey Prentice are raising a new fund for their investment vehicle, Atomico. The plan is to raise a total of 300 million euros ($450 million), 100 million euros of which is coming from Zennstrom, Friss & Co. (which makes raising the whole amount relatively easy.) I have heard this from multiple (and reliable) sources, so I feel comfortable reporting this.

Atomico has become an aggressive investor in Europe and has backed many online video startups, such as Deca, WooMe and Seesmic. While some of their investments — like FON and Joost — are having a bit of a bumpy ride, Atomico can count the $280 million sale of Last.fm to CBS as a win.

The new fund will make them a disruptive player in the EU venture world, and their entrepreneurial record will make them an attractive option for European startups.The presence of another deep-pocketed investor combined with a limited number of quality deals in Europe is likely to boost valuations — good news for startups. Other VCs should take note.

You’re subscribed! If you like, you can update your settings

  1. When business is tough, turn to investing. Diversify that pot of money.

  2. Jahangir Raina Friday, April 25, 2008

    Why not use the money to buy back Skype and then take it public?

  3. Skype Folks Raising New Fund To Conquer Europe Friday, April 25, 2008

    [...] GigaOM reports that Skype co-founders Niklas Zennström and Janus Friis, together with another ex-Skype employee, Geoffrey Prentice, are raising a big new fund which will invest in European startups through their investment group, Atomico. [...]

  4. This is good news for the European Start-up community.

  5. Skype Folks Raising New Fund To Conquer Europe « ShortNet Friday, April 25, 2008

    [...] GigaOM reports that Skype co-founders Niklas Zennström and Janus Friis, together with another ex-Skype employee, Geoffrey Prentice, are raising a big new fund which will invest in European startups through their investment group, Atomico. [...]

  6. Skype Folks Raising New Fund To Conquer Europe | moraaz.org – feed all tech! Friday, April 25, 2008

    [...] GigaOM reports that Skype co-founders Niklas Zennström and Janus Friis, together with another ex-Skype employee, Geoffrey Prentice, are raising a big new fund which will invest in European startups through their investment group, Atomico. [...]

  7. Robin Wauters Friday, April 25, 2008

    What Lars said.

  8. Skype co-founders said to be raising new venture dollars – pcpartfinder Friday, April 25, 2008

    [...] The co-founders of Skype, Niklas Zennström and Janus Friis, are raising about $450 million for their London-based venture fund Atomico, according to a report from GigaOm. [...]

  9. Skype co-founders said to be raising new venture fund « IT Spot Friday, April 25, 2008

    [...] The co-founders of Skype, Niklas Zennström and Janus Friis, are raising about $450 million for their London-based venture fund Atomico, according to a report from GigaOm. [...]

  10. good april fools jokes » Blog Archive » Skype co-founders said to be raising new venture dollars Friday, April 25, 2008

    [...] The co-founders of Skype, Niklas Zennström and Janus Friis, are raising about $450 million for their London-based venture fund Atomico, according to a report from GigaOm. [...]

Comments have been disabled for this post