The European tech ecosystem faces a significant funding gap, especially for growth-stage companies struggling to secure financing compared to their U.S. counterparts. Fragmented regulations and limited venture capital availability intensify this issue, forcing many startups to either seek funding outside Europe or fail to scale effectively. Atempo Growth offers flexible venture debt solutions for high-growth European tech companies from Series A to IPO stages.
Today, Atempo Growth announced a first close of €300M for its second fund, Atempo II, bringing its total assets under management to over €700M. Santander and British Business Investments, both previous investors in Atempo I, are participating in the raise. Santander has committed up to €160 million by final closing — a significant vote of confidence from the banking giant, which holds a 30% stake in the Atempo Growth platform. British Business Investments (BBI) continues its support, while the European Investment Fund (EIF) joins as a new investor, enhancing the platform’s institutional credibility.
Tina Page, Chief Operating Officer at Atempo Growth, said: “We are delighted with Santander and British Business Investments’ continued support and are excited to welcome the European Investment Fund into our second Fund. This is a significant milestone for Atempo as our AuM crosses over €700M, allowing us to build further on our platform to support European technology. We continue strengthening our team and European presence and look forward to further expanding our European footprint, helping accelerate innovation across the Continent.”
Behind Atempo Growth: supporting European ambition and innovation
Atempo Growth was founded in 2021 by Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi in London, United Kingdom. The founding team collectively brings over 40 years of venture debt experience, having financed over 100 European technology companies.
The founders identified a growing need for non-dilutive financing options among high-growth European tech companies, particularly those overlooked by traditional lenders. Their goal was to bridge the funding gap in the European tech ecosystem by offering venture debt solutions that complement equity financing.
Atempo Growth supports European ambition and innovation by providing tailored growth lending solutions to high-growth technology companies from Series A through pre-IPO stages. They fuel growth across sectors and geographies while enabling companies to scale efficiently without excessive equity dilution.
Proven track record in European tech investment
Building on its successful history of aiding high-growth technology companies in Europe, Atempo Growth’s second fund will further strengthen its capacity to offer flexible, growth-oriented financing. This achievement highlights the robust demand for its platform and demonstrates Atempo Growth’s dedication to fostering innovation and scaling transformative businesses throughout Europe.
Atempo Growth’s portfolio exemplifies its commitment to backing high-growth European technology firms across various sectors. By delivering tailored venture debt solutions, Atempo Growth empowers these companies to scale efficiently, innovate, and compete internationally without over-relying on equity funding. The portfolio strategically focuses on logistics, education, risk management, and commercial operations.
One highlight in the portfolio is Hive Technologies, a premier operations platform for commerce brands. Hive secured €10 million in venture debt from Atempo Growth, propelling its growth and product innovation. Another notable investment is Shippeo, a supply chain visibility platform that raised $30 million in funding. Shippeo utilises advanced technology to optimise supply chain operations, establishing itself as a key player in logistics. Atempo Growth’s support for Shippeo reaffirms its dedication to backing innovative solutions that tackle global challenges.
Other notable firms are Acin, a risk management platform that bolsters operational resilience via data-driven insights; Ironhack, a worldwide tech school that offers bootcamps in web development and data analytics; and Trucksters, which is transforming freight transport through relay-based logistics solutions. These investments showcase Atempo Growth’s dedication to fostering innovation in various sectors, allowing European tech companies to attain sustainable growth.
