BOSTON and LONDON, September 12, 2024 – Proskauer, a leading international law firm, announced today that it advised Atomico, a European venture capital firm, on the closing of funds Atomico Growth VI ("Growth VI") and Atomico Venture VI ("Venture VI"). Atomico's dual-fund strategy closed with $1.24 billion in commitments, the firm's largest fundraising effort ever.
Growth VI closed with $754 million in commitments and is the firm's first dedicated arm for growth capital. Growth VI will target investment opportunities from Series B to pre-IPO. Venture VI, an early-stage venture fund, closed with $485 million in commitments. Venture VI will primarily target Series A investments and select seed investments. The new funds are focused on investments in the European technology sector and have already deployed capital across more than 20 investments.
The Proskauer team advising Atomico was led by partner Brian Schwartz (Private Funds). It also included partner John Verwey (Regulatory); associates Alex Martin, Olivia Short, Michael Singh, Rachel McKie and Sharanya Sukumar (Private Funds); and partners Arnold May and Stephen Pevsner and associates Phil Lenertz and Emma McDonnell (Tax).