Canvas Category Consultancy : Company : Venture Capital
We’re not a traditional venture capital firm. We are built by founders for founders. Every single aspect of Atomico, every part of our culture, and every decision we take, is designed with the ambition of helping founders succeed. We exist for more than returns. We believe entrepreneurs are the ultimate agents of positive, transformational change across every aspect of our society and economy. Our mission is to spur this progress forward.
🇪🇺 European Tech Champions Initiative celebrates one-year anniversary with €1 billion of investments
The European Tech Champions Initiative (ETCI) is excited to mark its one-year anniversary with close to €1 billion of investments aimed at mobilising up to €6 billion, to reinforce its commitment to investing in cutting-edge companies and driving digital transformation across the continent.
ETCI has supported four funds to date, including one at the final stage of closing:
- Atomico Growth VI: ETCI has invested in Atomico Growth VI, a growth fund focusing on partnering with game-changing European technology scale-up founders. Atomico Growth VI aligns perfectly with ETCI’s objective of supporting European tech companies and propelling their growth journeys.
- FSI II: ETCI has supported FSI II, a fund that supports the growth and expansion of Italian mid-cap companies, with a target fund size of €1.5 billion. FSI II targets established Italian businesses in various sectors, helping them become successful global players.
- Keensight Nova VI: ETCI has invested in Keensight Nova VI, a fund that focuses on cybersecurity, automation and robotics, enterprise software, med tech, and healthcare services. With a fund size of €2.3 billion, Keensight Nova VI aims to build a portfolio of exceptional tech and life science companies.
European venture capital firm Atomico raises $1.1bn to defy tech slowdown
European venture capital firm Atomico has raised $1.1bn worth of new funding to invest in start-ups, defying a broader slowdown in the tech industry. The London-based group has raised the fresh money across its new venture and growth funds, according to US regulatory filings, nearing its goal of $1.35bn for both vehicles.
Dexory raises $19M for its robot-powered warehouse monitoring platform
The Series A round was led by Atomico with participation from several returning investors. Among returning investors was the venture capital arm of logistics giant Maersk A/S. Maersk is also a customer.
Dexory uses internally developed robots to scan warehouse shelves automatically and measure how much merchandise they hold. To reach goods located on high shelves, the startup’s robots can extend their height to 12 meters or about 39 feet. According to Dexory, its technology enables companies to perform warehouse scans up to 1,000 times faster than is possible with traditional approaches. The robots use depth cameras and lidar devices to map out the goods in a company’s warehouses. Its machines’ sensors can detect not only large items such as pallets and parcels but also barcodes. The robots send the data they collect to a cloud-based application called DexoryView. It generates a visualization of warehouse shelves that logistics teams can review to understand inventory availability.
Varjo Raises $40 Million Series D Funding to Build a True-to-Life, Industrial Metaverse
Backed by EQT Ventures, Atomico, Volvo Car Tech Fund, Lifeline Ventures, and new strategic investors Mirabaud and Foxconn, the new capital will enable Varjo to build a true-to-life, industrial metaverse for all professionals. Varjo will use the funds for its R&D cloud services, namely Varjo Reality Cloud, the company’s XR streaming platform that was announced in April. The new capital will help the company continue to scale its software and hardware offerings across new enterprise verticals such as design & manufacturing, engineering, education, and healthcare.
CloudNC raises $45m to deliver autonomous manufacturing
CloudNC, the company developing advanced software that enables factories to autonomously manufacture precision parts, today announced it has raised $45 million in a Series B round led by Autodesk, with Lockheed Martin and British Patient Capital participating alongside returning investors Atomico and Episode 1 Ventures. The company will use the additional capital to further develop its SaaS offering and roll out at-scale through integrations with CAD/CAM packages such as Autodesk’s platforms, and to expand its unique full-stack manufacturing capability in Essex, United Kingdom.
CloudNC’s technology already provides a significant degree of autonomy. A user can upload a 3D model of any part and, with one click, the software autonomously determines the tools needed, how they will be used and drafts the code to tell a CNC machine how to make it. This software assistance allows factories to be more efficient while upskilling the workforce, since more junior employees are able to operate the machines.
scoutbee raises $60M Series B investment in mission to transform industries with AI-driven supplier discovery
scoutbee Inc. (https://scoutbee.com), the world-leading supplier discovery platform, today closed a $60 million Series B round from new investors, led by Atomico with participation from Lakestar and Next47, and including existing investors HV Holtzbrinck Ventures, 42CAP and Toba Capital. The investment establishes scoutbee as the fastest growing global SaaS procurement platform and, as part of this investment round, Atomico Partner Hiro Tamura will join the company’s board. This investment round brings scoutbee’s total venture capital funding to date to $76 million.
Headquartered in Berlin and Washington D.C., scoutbee’s smart procurement technology is already utilized by major multinationals including Audi, Airbus, Caterpillar and Bosch, as well as 75+ other companies worldwide, to provide them more confident strategic sourcing and purchasing decisions.
Oden Raises $10M Series A to Fuel the Digital Transformation in Manufacturing
Oden Technologies, an Industrial IoT company that provides manufacturing data analytics, today announces that it has closed a $10m (£7.6m) Series A round led by Atomico, with participation from existing investors including EQT Ventures and Inbox Capital, and seed investors. Atomico CEO, and co-founder of Skype, Niklas Zennström will join the company’s board.
Manufacturing – a $12tn sector globally, accounting for 16.6% of global GDP – is on the brink of a new machine age in which the industrial Internet of Things (IIoT) and cloud analytics are set to transform existing production processes, slash waste, drive efficiencies and increase output. Today, manufacturing industry is plagued with inefficiencies as high as 30 – 60 percent. The adoption of data analytics to drive efficiencies combats the shortage of in-house data engineering talent and lengthy project roll-outs. While industrial automation incumbents, such as Rockwell Automation, can take 12 – 18 months to roll out its analytics tools, Oden’s cloud-based data analytics platform can be live 10 times faster and immediately deliver actionable insights.