Skype founders raise funds for European start-ups

Niklas Zennström and Janus Friis' company Atomico is looking for early-stage companies that can provide "outsized returns."

Niklas Zennström and Janus Friis have raised $165 million to invest in European start-up technology companies, the Skype co-founders said Monday.

The raising of these funds will be invested through Zennström and Friis' venture capital vehicle, Atomico, which they formed in 2006. This will be London-based Atomico's second wave of investment, and their first concentrated on Europe.

Atomico said it will invest in early-stage, high-growth technology companies that can provide "outsized returns" over the long term.

Read more of "Skype founders raise £110m for European start-ups" at ZDNet UK.

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