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atomic, a startup studio backed by peter thiel, ups its ambitions

atomic, a startup studio backed by peter thiel, ups its ambitions News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



atomic, a startup studio backed by peter thiel, ups its ambitions

atomic isn’t a household brand, but peter thiel and marc andreessen know it fairly intimately. the two billionaire investors, along with the venture firm felicis ventures, were among the earliest investors in the four-year-old, san francisco-based startup studio, which closed its debut fund with $20 million.now atomic is looking to raise five times that much capital for its follow-on effort, shows an sec filing.the company declined our request for an interview earlier today, but given its traction so far, don’t be surprised if it lands there quickly.first, what it does: atomic, which has 15 employees, judging by linkedin, essentially comes up with its own ideas for companies, then seeks out individuals who it thinks could steer these companies. after that, it seeks out larger investments from conventional venture capital firms to build them into sustainable businesses.so far, atomic — which is headquartered a stone’s throw from thiel’s firm founder fund, in san francisco’s verdant presidio national park, and has a sales office in phoenix and a small engineering campus in waterloo — has come up with 10 companies, six of which are listed at its website, and at least four of which have raised significant funding, shows crunchbase.among them are the wi-fi marketing startup zenreach, which has now raised $80 million altogether, including from founders fund, formation 8 and others; a consumer photo service called ever that last month raised $16 million in series b f...