Third closing for Atempo Growth II, a fund belonging to the pan-European venture debt platform Atempo Growth, which specialises in providing structured financing, as an alternative to traditional equity, to technology and tech-enabled companies in the expansion phase. It was founded in 2021 by Luca Colciago, Jack Diamond and Matteo Avramov Giulivi (pictured).
With this transaction, the fund reaches €455 million in commitments and brings the company’s assets under management to a total of €850 million. The final closing is expected to take place at the end of the third quarter of 2026.
Fund II is backed by a group of institutional investors, including CDP Venture Capital, Banco Santander, Decalia, British Business Investments, European Investment Fund, an Italian banking group and a leading European insurance group, which will invest in the fund, further strengthening the limited partner base and consolidating Atempo’s platform in its growth path in Europe. Thanks to the involvement of CDP Venture Capital, Atempo Growth will strengthen its commitment in Italy. The platform has already invested in Italy in Motork, a company specialising in digital and SaaS solutions for the automotive sector, and, through Fund II, intends to further increase its allocation to the Italian market, supporting innovative scale-ups and contributing to the consolidation of the national venture debt ecosystem.
Luca Colciago, co-founder and general partner of Atempo Growth, said in a statement: “With the closing of Atempo Growth II, we are delighted to welcome CDP Venture Capital among our investors. Reaching this milestone represents a significant step for the company, with assets under management reaching €850 million, allowing us to further scale our platform and strengthen our support for European technology companies, with a growing focus on the Italian market. We continue to strengthen our team and expand our presence in Europe, with the aim of extending our reach and accelerating innovation across the continent.”
Cristina Bini, Director of Indirect Investments at CDP Venture Capital, comments: “We are proud to invest in Atempo Growth II, the first venture debt fund in our portfolio. This partnership is consistent with our goal of supporting the Italian technology ecosystem by offering companies with high growth potential an additional source of flexible financing.”
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