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November 19, 2013 02:38 pm GMT

Niklas Zennstrom's Atomico Raises A $476M Fund To Focus On Growth Stage Investments Globally

atomicoAtomico, the VC firm co-founded and led by Niklas Zennstrom of Skype fame, has just announced its third and biggest fund, $475 million, which the firm says it will use mainly for later-stage rounds in startups to help them scale. Taking a page from Zennstrom's own entrepreneurial trajectory -- Skype started in Estonia -- Atomico has put a lot of emphasis on finding and funding startups outside of Silicon Valley, and that is exactly where it plans to invest this latest fund, too. "This is absolutely global," a spokesperson told me, "but primarily outside Silicon Valley."

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