Atempo Growth has reached a third close of €455 million on Atempo Growth II. The close takes the London manager’s assets under management to €850 million. A final close is slated for the end of the third quarter of 2026, against a €500 million target.
Named limited partners are CDP Venture Capital, Banco Santander, Decalia, British Business Investments and the European Investment Fund, plus an unnamed Italian bank and a European insurer. Cristina Bini, Director of Indirect Investments at CDP, said the ticket is the first venture debt fund in its portfolio.
Fund II first closed at €300 million on 7 April 2025, taking AUM past €700 million. Santander, which holds a 30 per cent stake in the Atempo platform, committed up to €160 million by final close and acted as anchor. A second close in September 2025 took commitments past €400 million.
Atempo, founded in 2021 by Luca Colciago, Jack Diamond and Matteo Avramov Giulivi, provides growth debt to European technology companies from Series A through to pre-IPO. CDP said the close will support more investment in Italy, where Atempo has already backed Motork.
Christhi Theiss joined as Partner in Madrid on 21 January 2026. Theiss, formerly Executive Director at BBVA Spark, is the firm’s senior hire in Spain. Co-founder Giulivi said the Madrid seat extends on-the-ground coverage in a market the firm wants to grow.
Colciago, Co-Founder and General Partner, said the third close lets the firm scale the platform and put more weight on Italy. Atempo launched its first fund in 2022.