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January 30, 2007
Atomico From Zennstrom and Ljungman Part Of Founder Fund Trend
Germany-based advertising tech company Wunderloop's announcement of its star-studded angel round was the first we'd heard of Atomico, a new investment vehicle from Skype co-founder Niklas Zennstrom and Mattias Ljungman.
Ljungman (below right) is not as well known as Zennstrom, but he worked with CLS Capital in the UK where he led investments in Swedish social networking startup Lunarstorm, IPTV set-top box provider Amino Technologies and Sit-Up TV, a producer of new types of TV content.
Atomico aims to invest in Internet, telecoms, technology and media companies. They say they "invest in entrepreneurs not business plans".
It has a lot in common with some of the other new entrepreneur-driven investment vehicles we've profiled here recently, like Lund Kenner, which invests sweat equity (as opposed to cash), European Founders Fund (Samwer brothers), Ambient Sound Investments, and others that we've metioned like Bright Station Ventures (UK) and Brains To Ventures (Swiss capital pool formed with backing by a number of business angels).
They're basically investing their own money so it is more like getting money from a business angels than from a VC (which has a fund and a general partnership that is regulated and governed and has limited partners attached to it).
The Atomico portfolio contains:
Decentral.TV
Decentral.tv was founded in July 2005 by Erik Abair and Daniel Graf, creators of the world’s first MP3 Jukebox and key figures behind Philips Streamium product line.
Jott
Jott digitises your “to do” lists with mobile and email support and enables "jottcasts" to friends. Founders are John Pollard and Shreedhar Madhavapeddi "both of whom have +11 years at Microsoft. These guys have solved a simple need and the solution is simple and “just works”", writes Atomico.
IQube
Investment vehicle from Johan Stael von Holstein is a seasoned entrepreneur who has previously co-founded Icon MediaLab and Letsbuyit.com among many other companies.
As well as FON, Viagogo, Last.FM and Technorati, four that we are sure all our readers already know about.
Read - German Behavioural Ad Network Wunderloop Raises (alarm:clock)
Read - Who are Atomico Investments? (jooster blog)
Link Atomico website
Posted on January 30, 2007 12:15 PM | Posted to News And Updates | Permalink
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