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.
Read MoreIn 2019, Mattias founded Moonfire, a European seed fund focused on helping founders at the very start of their journeys to create the right foundations for exponential growth.
For the last decade, he has seen how US seed has flourished, driving strong returns with successful funds, such as FirstRound, Felicis, Floodgate, Upfront, Uncork, and True Ventures. The same evolution is accelerating in Europe, as a flood of late-stage capital boosts demand for seed opportunities. Moonfire is perfectly placed to take a leading position in the nascent European seed ecosystem to help the next generation of founders and we got the chance to talk about it with him.
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