London-based Atempo Progress, a enterprise debt supervisor, introduced immediately the primary shut of €300 million in direction of it’s second Fund, Atempo II, bringing complete property below administration by the agency to over €700 million.
Following their earlier participation within the Atempo I Fund, Santander and British Enterprise Investments have returned to contribute to Atempo II, which additionally featured contribution from the European Funding Fund (EIF)
Tina Web page, Chief Working Officer, at Atempo Progress stated: “We’re delighted for the continued assist of Santander and British Enterprise Investments, and we’re excited to welcome the European Funding Fund into our second Fund. This can be a vital milestone for Atempo as our AuM crosses over €700 million, giving us the chance to additional construct on our platform in assist of European expertise.
Launched in 2021 by Luca Colciago, Jack Diamond and Matteo Avramov Giulivi, Atempo Progress is a pan-European development debt supplier with workplaces in London and Italy. Since launching its debut Fund in 2022, Atempo has supported 32 portfolio firms throughout Europe with versatile development financing.
The agency leverages its founding group’s intensive expertise, having supplied capital to over 100 tech-enabled companies over the previous 20 years within the enterprise debt house.
Atempo’s portfolio spans a number of sectors, with a dedication to innovation and taking part in a key position in fuelling the success of high-growth European tech firms.
Atempo is guided by core values that prioritise collaboration, agility, transparency, and sustainability. It takes a long-term strategy to constructing lasting, collaborative relationships with firms in any respect phases of development. With a pan-European group, it provides agile, tailor-made assist to portfolio firms. Dedicated to sustainability, Atempo goals to empower its portfolio to drive optimistic change—not simply inside the international financial system, however throughout society as a complete.
Atempo portfolio options a number of outstanding tech firms:
- Form3, primarily based in London, provides cloud-based fee options for banks and monetary establishments.
- Berlin’s Hive gives logistics options tailor-made for e-commerce manufacturers, streamlining operations from storage to supply.
- Eflow, positioned in London, specialises in compliance options for the monetary companies sector.
- RubiBrands, working from Istanbul, focuses on buying and scaling e-commerce manufacturers, notably these energetic on Amazon.
- Ori Industries provides cloud infrastructure companies designed to assist large-scale synthetic intelligence fashions
Constructing on its monitor document of supporting high-growth European expertise firms, Atempo Progress’s second Fund will additional improve its capability to offer versatile, growth-focused financing.
Atempo believes that this milestone not solely underscores the sturdy demand for his or her platform but in addition alerts Atempo Progress’s ongoing dedication to accelerating innovation and scaling transformative companies throughout Europe
“We proceed strengthening our group and European presence and stay up for additional increasing our European footprint serving to speed up innovation throughout the Continent,” concluded Web page.
