Atempo Growth has announced the first close of its second fund at €300m (£256.5m).
Santander and British Business Investments were included in the Atempo II raise, having previously participated in Atempo’s first fund, Atempo I.
The European Investment Fund also contributed to the second fund.
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Atempo Growth focuses on supporting high-growth European technology companies. The firm said that the success of the second fund underscores the strong demand for its platform.
This close increases Atempo Growth’s assets under management (AUM) to over €700m.
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“We are delighted for the continued support of Santander and British Business Investments, and we are excited to welcome the European Investment Fund into our second fund,” said Tina Page, chief operating officer, at Atempo Growth.
“This is a significant milestone for Atempo as our AUM crosses over €700m, giving us the opportunity to further build on our platform in support of European technology.
“We continue strengthening our team and European presence and look forward to further expanding our European footprint helping accelerate innovation across the continent.”
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