Atomico cofounder Ljungman launches Moonfire Ventures with a $60m Fund I

For more than a decade, Mattias Ljungman helped shake up Europe’s once-sleepy VC scene as the cofounder of Atomico, the $2.7bn firm that has backed the likes of Klarna and Lilium. 

Now he’s back with a new firm to fill a gap in seed stage funding.

Today, Ljungman has formally launched Moonfire Ventures, which has raised a $60m fund to target seed and pre-seed deals. For Llungman, Moonfire is the latest sign that Europe has only just started to tap into a vast entrepreneurial potential.

“This ecosystem is really on fire,” Ljungman said. “It’s really sort of a golden era.”