London Based Atempo Growth Secures Major Venture Debt Fund II Investment of 455 Million Euros

Atempo Growth, the London-based venture debt firm specializing in supporting European tech companies, has completed the third closing of its Fund II at €455 million.

This milestone marks another step in the firm’s expansion across the continent’s rapidly evolving technology landscape.

Total Assets and Fund Ambitions

With this latest closing, Atempo Growth now manages €850 million in assets.

The firm maintains a target of €500 million for Fund II, with the final closing anticipated by the end of the third quarter of 2026.

The strong interest from investors signals confidence in the firm’s strategy and approach to venture debt.

High-Profile Investors Join the Round

The third closing attracted a diverse lineup of limited partners (LPs), including CDP Venture Capital, Banco Santander, Decalia, British Business Investments, and the European Investment Fund.

An Italian bank and an insurance group also participated, further cementing the fund’s appeal to institutional investors.

Deal Sizes and Strategy

Atempo Growth plans to deploy capital across deals ranging from €2-3 million up to €50-60 million, often alongside institutional partners.

The firm focuses on providing venture debt to fast-growing technology and tech-enabled companies that are still operating with negative EBITDA or cash flow but have a clear growth trajectory.

Founders and Company Vision

Founded in 2021 by Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi, Atempo Growth positions itself as a partner for tech companies at every stage—from Series A funding rounds all the way to pre-IPO.

Their approach allows startups to access flexible debt financing while maintaining growth momentum without diluting equity too early.

Impact and Consequences

This successful closing strengthens Atempo Growth’s ability to fuel European tech innovation.

Companies in need of growth capital now have access to a wider range of financing options, potentially accelerating their development and market reach.

For the venture debt sector, this move underscores growing investor confidence in non-equity funding solutions.

What’s Next?

The final closing of Fund II is expected by the end of Q3 2026, which could see additional investors joining the fund.

Atempo Growth will continue deploying funds strategically across Europe, supporting promising tech startups and building relationships with co-investors.

Summary

Atempo Growth has made significant strides with Fund II, now managing €850 million in total assets.

With backing from major institutional investors and a clear growth strategy, the firm is poised to strengthen its position as a key player in European venture debt.

Bulleted Takeaways

• Atempo Growth completes third closing of Fund II at €455 million.
• Total assets under management now stand at €850 million.
• Fund II targets €500 million, with final closing expected Q3 2026.
• Investors include CDP Venture Capital, Banco Santander, Decalia, British Business Investments, European Investment Fund, plus an Italian bank and insurance group.
• Fund will support deals from €2-3 million to €50-60 million, targeting tech companies with high growth potential.
• Founded in 2021 by Luca Colciago, Jack Diamond, and Matteo Avramov Giulivi, the firm supports startups from Series A through pre-IPO.