Angry birds funder shuts fund for Eurotech

Stefan Mileschin · 20th February 2017, 04:48

Investment outfit Atomico has closed Europe’s largest standalone tech venture fund claiming the situation in the EU has changed and its services are not needed as much.

For the last ten years the fund has provided $765 million to help tech companies start outside the US. The London-based venture firm was started by Skype co-founder Niklas Zennstrom.

It has invested in around 60 firms since it was established in 2006 and backed Supercell and Angry Birds maker Rovio Entertainment.

Most European start-ups to be acquired rather than holding out for stock market flotations of their own in order to build powerful global tech franchises.

http://www.techeye.net/business/angr...d-for-eurotech

20th February 2017, 04:48	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Angry birds funder shuts fund for Eurotech Investment outfit Atomico has closed Europe’s largest standalone tech venture fund claiming the situation in the EU has changed and its services are not needed as much. For the last ten years the fund has provided $765 million to help tech companies start outside the US. The London-based venture firm was started by Skype co-founder Niklas Zennstrom. It has invested in around 60 firms since it was established in 2006 and backed Supercell and Angry Birds maker Rovio Entertainment. Most European start-ups to be acquired rather than holding out for stock market flotations of their own in order to build powerful global tech franchises. http://www.techeye.net/business/angr...d-for-eurotech

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