Ljungman: Atomico recently invested in Truecaller
Mattias Ljungman · 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado · Aug 31, 2015 · at 26:48
Mattias Ljungman is a partner at venture firm Atomico. He shares his latest investment deal during a quick-fire round.
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“So my most recent investment was in the Truecaller.”
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More from Mattias Ljungman
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“There's not as many funds focused on the sort of B and beyond. That are very much, you know, local European funds. You know, there's only a few of them. There's literally less than, well, I would say there's really two or three if you look pure, pure VC funds.”
Ljungman: Stockholm matches San Francisco in per-capita billion-dollar startups
“Stockholm now has as many Billion-dollar companies per capita as the U.S. Sorry, San Francisco, and we need one more, and there'll be bigger, you know, so there'll be more, sort of, billion-dollar companies being created coming out of Stockholm.”
Ljungman: European VC is 6-7x smaller than US, 12x at later stages
“Even though the, you know, I think the amount of capital that's being invested going into VC today is about 30% more than last year, we're still six or seven times smaller than the US. And if you go into the later stages, we're about 12 times smaller.”
Ljungman: Europe needs entrepreneurs investing in entrepreneurs
“What Europe needs is entrepreneurs, investing entrepreneurs, and I think you're the best guy to do this.”