European venture lender Atempo Growth has closed €300 million in the first round of its second fund, Atempo II, marking a significant step toward addressing the persistent funding challenges faced by growth-stage tech companies in Europe.
With this new fund, Atempo now manages more than €700 million in assets, reinforcing its position as a key player in non-dilutive financing for high-growth European startups.
The fund received strong backing from existing investors Santander and British Business Investments (BBI), while the European Investment Fund (EIF) joined as a new limited partner, adding further institutional strength. Santander alone has pledged up to €160 million for the final closing and holds a 30% equity stake in Atempo Growth’s platform.
“We’re proud to expand our platform and welcome EIF as a new investor,” said Tina Page, COO of Atempo Growth. “Crossing the €700M AuM mark enables us to increase our support for innovation across the continent.”
Advertisement
Atempo Growth: Fueling European Tech Without Dilution
Founded in 2021 in London by Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi, Atempo Growth was created to provide venture debt solutions for startups from Series A to pre-IPO. Its goal is to offer capital without equity dilution, helping tech companies scale while maintaining founder and investor ownership.
With more than 40 years of combined venture lending experience, the founding team has supported over 100 tech companies, positioning Atempo as a go-to financing partner for European entrepreneurs.
“Our model fills a crucial gap,” said co-founder Luca Colciago. “It provides growth-stage companies with strategic capital that complements equity and keeps them on a fast track to scale.”
Strategic Investments Across Europe’s Innovation Landscape
Atempo Growth’s portfolio features standout investments that reflect its commitment to supporting transformative tech companies across sectors like logistics, fintech, education, and enterprise software.
Key portfolio companies include:
- Hive Technologies – An operations platform for e-commerce brands, backed with €10M in venture debt to fuel its expansion and product development.
- Shippeo – A supply chain visibility leader that secured $30M to enhance logistics performance and expand globally.
- Acin – A data-driven risk management platform for financial institutions.
- Ironhack – A global tech bootcamp offering programs in web development and data science.
- Trucksters – A logistics startup pioneering relay-based freight transport across Europe.
Looking Ahead: Strengthening Europe’s Tech Sovereignty
With the new fund, Atempo Growth plans to deepen its footprint across the continent, expand its team, and continue helping startups accelerate growth with customised, flexible lending packages.
The firm’s mission aligns with a growing push to strengthen European tech sovereignty, giving startups the firepower they need to compete on the global stage—without having to sacrifice long-term equity or relocate outside the EU for capital.
As Europe’s innovation economy continues to mature, Atempo Growth stands out as a critical enabler of sustainable, founder-friendly growth.
