Atomico, a European venture capital firm that has invested in the likes of Angry Birds developer Rovio, plans to spend its new $476 million fund on technology start-ups outside Silicon Valley, it said on Tuesday. While the United States has long dominated venture capital investments in technology, investors have been increasingly drawn to opportunities in Asia and Europe, especially in areas such as e-commerce and gaming. "Ten years ago people thought you had to be in Silicon Valley to build a global technology business. That is no longer the case," said Atomico founder Niklas Zennstrom, a Swedish entrepreneur who co-founded Skype, a web phone service which was sold to Microsoft Corp for $8.5 billion in 2011.
via Tech News Headlines - Yahoo! News http://news.yahoo.com/atomico-aims-476-million-fund-tech-start-ups-183249649--sector.html
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