Europe’s tech ecosystem just got a major financial boost. Atempo Growth, the London-based venture debt firm, has closed €300 million for its second fund—Atempo II—bringing its total assets under management to over €700 million. This move comes as many European startups continue to face serious hurdles in accessing growth capital compared to their U.S. peers.
While fragmented regulations and limited local VC funding slow down scaling efforts, Atempo Growth is stepping up with a flexible, founder-friendly financing solution. The firm specializes in non-dilutive venture debt, targeting high-growth European tech companies from Series A to IPO.
Santander and EIF Back the Fund with Confidence
Atempo II is backed by major institutional investors, including returning supporters Santander and British Business Investments (BBI). Santander alone is committing up to €160 million before the final close, strengthening its existing 30% stake in the Atempo platform.
Adding further credibility, the European Investment Fund (EIF) joined as a new investor, validating Atempo’s strategy and enhancing its reach across the continent. This investor lineup signals strong institutional trust in the firm’s ability to deliver results.
Tina Page, Chief Operating Officer at Atempo Growth, shared her excitement:
“We’re thrilled to have continued support from Santander and BBI, and we welcome the EIF onboard. With our AUM now over €700 million, we’re scaling our platform to empower more European tech innovators.”
Backing Innovation: From Series A to Pre-IPO
Founded in 2021 by Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi, Atempo Growth was built to meet a growing demand for non-dilutive capital among Europe’s most promising tech ventures. The trio, with 40+ years of combined venture debt experience, has already financed over 100 startups across Europe.
Their mission is clear: help high-potential companies scale without forcing founders to give up excessive equity. Atempo’s venture debt model complements traditional VC by offering flexible growth capital that supports scaling, hiring, and expansion.
A Growing Portfolio of Game-Changing Startups
Atempo’s portfolio reflects its deep commitment to innovation across industries. For instance:
- Hive Technologies, a leading operations platform for commerce brands, secured €10 million in venture debt from Atempo. The funding helped it expand operations and enhance product development.
- Shippeo, a supply chain visibility platform, received $30 million. It uses advanced tracking tech to optimize global logistics operations—perfectly aligned with Atempo’s mission to back transformative solutions.
Other notable portfolio companies include:
- Acin, a risk management platform providing data-driven insights to improve operational resilience
- Ironhack, a global tech education provider offering bootcamps in web development and data analytics
- Trucksters, a logistics disruptor using relay-based systems to modernize freight transport
These strategic investments prove how Atempo is nurturing scale-ready startups with smart capital and long-term vision.
Powering Europe’s Tech Ecosystem with Smart Capital
The closing of Atempo II not only strengthens its ability to serve startups but also reflects a broader shift in the venture landscape. More founders are turning to non-dilutive options like venture debt to retain control while accelerating growth.
With fresh funding and growing institutional support, Atempo is now well-positioned to expand its European footprint. The firm plans to continue building its team, increasing its local presence, and partnering with more ambitious founders across key tech sectors.
As the European startup scene evolves, Atempo Growth is proving that smart, flexible capital can be just as powerful as equity—especially when it’s tailored to fuel sustainable innovation.
