London-based venture capital firm Atomico is one of the biggest investors in the UK with $1.5 billion under management.
The firm is doubling down on the US and Europe with two senior hires — US-based Rdio cofounder Carter Adamson, and European-focused eRepublik Labs CEO Alexis Bonte.
Adamson is Atomico’s first on-the-ground hire in the US and is likely to drive up the number of transatlantic investments.
London-based venture capital firm Atomico will double down on investments in US and European startups with two new venture partners: Rdio cofounder Carter Adamson and eRepublik Labs CEO Alexis Bonte.
The new hires reflect rising investor interest in startups outside the UK, with France and Spain looking like particular hotspots.
“Traditionally in Europe, the UK has taken the bulk of venture investment,” Bonte told Business Insider. “Scandinavia was also quite strong, and then Germany, France, Spain and other European countries were a bit secondary. That’s not true any more.”
While there’s a growing number of seed investors in France and Spain, according to Bonte, Atomico can help plug a gap between seed and Series A and Series B.
Bonte will work part-time at Atomico and juggle his investment duties with his full-time job as CEO of eRepublik Labs, a …read more
Source:: Businessinsider – Technology