Atlas closes newest later-stage fund at $400M: Finance Report

Reflecting the need for venture-backed companies to stay private longer as IPOs remain scarce, Atlas Venture closed its third opportunity fund, designed to supply additional capital to start-ups already backed by the firm’s core funds.

At $400 million, the oversubscribed Atlas Opportunity Fund III is the largest yet of the firm’s later-stage vehicles. Atlas had announced its $300 million second opportunity fund in October 2021, and its initial vehicle at $250 million in January 2019...