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Atomico

VC Firm·London, UK·$5B AUM; latest $1.24B raise (Fund VII, 2024)

Founded in 2006 by Niklas Zennstrom, co-founder of Skype, Atomico is a London-based venture capital firm focused on partnering with ambitious European technology founders from Series A through to IPO. The firm invests across enterprise software, AI, fintech, climate tech, industrial automation, and frontier technology. With $5 billion in assets under management, Atomico has backed over 200 companies and produced 24 unicorns. Notable portfolio companies include Klarna, Supercell, and Hinge Health.

Focus Areas

Enterprise SoftwareAI/AutomationFintechClimate TechIndustrial AutomationFrontier Tech
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Portfolio

1 company in our directory

Graphcore logo

Graphcore

Hiring
Semiconductors·Acquired

Graphcore is a Bristol-based AI semiconductor company founded in 2016 by serial semiconductor entrepreneurs Nigel Toon and Simon Knowles. Toon previously led XMOS and Picochip, while Knowles co-founded Element14 (acquired by Broadcom) and Icera (acquired by NVIDIA for $435M). The company developed Intelligence Processing Units (IPUs), novel AI accelerators designed from the ground up for machine learning workloads, alongside the proprietary Poplar graph programming framework. Graphcore raised $767M in total funding, reaching a $2.77B valuation, with backing from Sequoia Capital, Atomico, Amadeus, Microsoft, and others. In July 2024, SoftBank Group acquired Graphcore for approximately $500M to $600M. The company continues to operate from Bristol with plans to expand its UK headcount to 750.