Ad: Manage updates with the Download App
ie8 fix

atomico

Fab raises $105 million in funding round

Design-focused shopping site Fab hopes to expand its global footprint and increase its warehouses and inventory with the $105 million its secured in a third round of funding, Fab CEO Jason Goldberg said in the company's blog post today.

The new round of financing was led by investment firm Atomico, which is also helping Fab expand its site globally, starting with London, Tokyo, Beijing, Sao Paulo, and Istanbul. Atomico's other investments include Skype and Rovio, the maker of Angry Birds.

"We believe that we have a special opportunity to create one of the world's next great … Read more

Skype founders raise funds for European start-ups

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.