Skype Technologies SA co-founder Niklas Zennstrom’s investment firm is raising a 300 million euro ($386 million) fund to back global technology companies, according to three people familiar with the situation.
Atomico Ventures III LP has gathered about 250 million euros, surpassing the $165 million the prior fund raised in 2010, said one of the people, who asked not to be identified because the information is private. European Investment Fund, based in Luxembourg, is a limited partner, according to its website.
Olivia Doherty, a spokeswoman for London-based Atomico, declined to comment.
Zennstrom, who founded the venture capital firm in 2006, searches for young companies trying to take advantage of the increasing popularity of smartphones and Internet shopping. Atomico was part of a consortium that sold Skype, which Zennstrom co-founded with Janus Friis in 2003, to Microsoft Corp. last year for $8.5 billion in cash.
The firm also has invested in Klarna, a Swedish provider of e-commerce payment systems; Rovio Entertainment Oy, the Finnish maker of the Angry Birds mobile game; and Internet sales site Fab.com.
Atomico has made more than 50 investments globally, according to its website. It has offices in Sao Paulo, Beijing, Istanbul and Tokyo.