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European VC Atomico closes $1.24B across two funds for early and growth-stage startups | TechCrunch

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London -based Atomico has closed new funds totalling $1.24 billion to back early- and growth-stage startups across the region.

The firm has historically leaned toward earlier funding rounds while dipping into later stages where it made sense.

This move could also point to a trepidation among some in the investor fraternity who are hesitant to put money into fledgling pre-profit companies.