ARTICLE | Finance
In age of megafunds, Atlas stays the course with $400M twelfth venture fund
Firm to make 15-18 early-stage investments from new fund, which surpasses $350M Fund XI in size
June 5, 2020 10:48 AM UTC
As it deploys its $400 million twelfth venture fund, Atlas won’t be changing its investment model much, but it will have more capital than its last fund and a newly promoted partner to help create new companies.
Atlas Venture named Michael Gladstone partner, elevating him from principal. Gladstone will be one of six partners who will choose 15-18 investments for the firm’s Fund XII, which surpasses in size the firm’s 2017-vintage, $350 million Fund XI as well as its $280 million tenth fund from 2015...
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