Atempo Growth

What Atempo Growth does

Atempo Growth is a London-headquartered growth debt provider founded in 2021, managing approximately €850 million in assets under management across two funds. The firm provides venture debt and growth lending to high-growth European technology and tech-enabled companies from Series A through pre-IPO, with typical investment sizes ranging from €3 million to €45 million+ and the capacity to structure up to €50-60 million with institutional co-lenders. Atempo's product is positioned between venture capital equity and traditional bank credit, targeting borrowers that often have negative EBITDA but clear value-creation trajectories, with structures typically including 12 months of pre-amortization followed by 3 years of amortization, and security extending to intellectual property.

Underwriting is built around a proprietary "smart debt" methodology that combines standard credit metrics with non-numerical due diligence — conversations with clients, board members, and market participants — to assess company trajectory. The firm employs approximately 20 professionals across offices in London, Paris, Milan, Munich, and Madrid, covering the UK, Germany, France, Spain, Italy, and Austria.

Atempo generates revenue through management fees on committed or deployed AUM, supplemented by carried interest on fund performance. The firm targets a 1.4-1.5x multiple per deal and 10%+ net IRRs for fund investors, with a diversified LP base that includes Santander (also a minority shareholder of the management company), CDP Venture Capital, the European Investment Fund, BBI, Decalia, and other European banking and insurance groups.

Name

Atempo Growth

Legal name

Alma I Advisory Limited

Website

https://atempogrowth.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Atempo Growth is a London-based growth debt provider managing €850M in assets, offering venture debt of €3M-€45M+ to high-growth European technology companies from Series A to pre-IPO stages.

Ownership category

akta.pro rank

Product category

Venture Debt Lending

NAICS

Other Investment Pools and Funds (5259)

SIC

Finance Services (6199)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industry

Technology & Software Growth Equity (FSANACAA)

Keywords

• Venture debt financing
• Growth lending
• Tech debt investment
• European growth capital
• Private credit funds

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Growth Debt Lending: Atempo Growth provides venture debt and growth lending to European tech companies. The model is described as 'smart debt', halfway between venture capital and bank credit. They finance rapidly growing technology and tech-enabled companies, often with negative EBITDA and cash flow but with clear value trajectories. Returns are generated through interest payments and principal repayment, with target multiples of 1.4-1.5x per deal and expected net IRR of more than 10% for investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Atempo Growth is a private growth debt fund manager that provides venture debt and 'smart debt' financing to high-growth European technology companies from Series A through to pre-IPO stage. Typical transaction sizes range from €3 million to €45 million per deal, extendable to €50-60 million when structured with institutional partners, with structures averaging 12 months of pre-amortization and 3 years of amortization against security on intellectual property.

Product overview

Atempo Growth operates as a growth debt fund providing flexible capital solutions to high-growth European technology and tech-enabled companies. The firm manages €800M in assets under management (as of early 2026) across two funds: Fund I and Fund II. Their investment strategy focuses on supporting companies from Series A through pre-IPO stages, with typical transactions ranging from €3M to €45M. The fund participates in venture debt financing, which complements equity funding by providing non-dilutive capital to fuel growth, extend runway, fund acquisitions, or support strategic liquidity needs. Atempo Growth II reached a final closing of €455 million, bringing total assets under management to approximately €850 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Atempo Growth Venture Debt Financing Flexible venture debt and 'smart debt' financing for high-growth European technology companies from Series A to pre-IPO, with typical ticket sizes of €3M to €45M+ per transaction (extendable to €50-60M with institutional co-investors). Structures include 12 months pre-amortization, 3 years amortization, and security interest on intellectual property; non-numerical due diligence includes qualitative reference checks with clients and board members.
• Atempo Growth Fund II Second vintage growth-debt fund investing in high-growth European technology companies, with commitments from institutional investors including Santander, European Investment Fund, British Business Investments, CDP Venture Capital, Decalia, an Italian banking group, and a European insurance group. Targets a 10%+ net IRR and 1.4-1.5x multiple per deal.
• Atempo Growth Fund I First vintage growth-debt fund focused on European technology companies, with a 43% DPI (Distributed to Paid-In capital ratio) achieved and expected to reach approximately 50%, validating the firm's IRR-focused return strategy.

Quantifiable outcome

• Target 1.4-1.5x multiple per deal with 10%+ net IRR for investors

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• eflowminorOthers · 21 May 2026eflow partnered with Iress to integrate trade surveillance compliance workflow. Atempo Growth is an investor in eflow.
• ShippeominorOthers · 7 May 2026Shippeo acquired German supply chain automation company Logward. Atempo Growth is an investor in Shippeo.
• Clarity AIminorOthers · 25 March 2026Clarity AI partnered with RiskThinking.ai to deliver physical risk and asset-level intelligence. Atempo Growth is an investor in Clarity AI.
• RiskThinking.aiminorOthers · 25 March 2026RiskThinking.ai partnered with Clarity AI (Atempo Growth portfolio company) to deliver asset-level physical climate risk intelligence.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Kreos Capital (BlackRock): European venture and growth debt firm acquired by BlackRock in 2024; founded by Atempo's predecessor team and operates in the same Series A to pre-IPO tech lending market across Europe.
• Claret Capital Partners: London-headquartered growth and venture debt provider targeting European technology companies; competes head-to-head with Atempo in the same ticket-size range and stage.
• MV Credit: Pan-European private credit specialist including direct lending to mid-market and growth companies; comparable geography and stage, and former employer of Atempo's COO Tina Page.
• Hercules Capital: US-listed venture debt specialist that pioneered the growth debt model globally; benchmark for structuring, pricing discipline, and portfolio construction in the tech-debt category Atempo operates in.
• Boost&Co: UK-focused venture debt provider lending to high-growth technology companies from Series A onward; overlapping deal universe and similar structuring philosophy.
• Columbia Lake Partners: London-based growth debt firm focused on Western European technology and tech-enabled businesses; offers similar unitranche and venture debt structures to Atempo's portfolio.
• CIBC Innovation Banking: Venture debt arm of CIBC providing growth capital to North American and European tech companies; competes for the same pre-IPO growth-stage borrowers as Atempo.

Regional players

• Octopus Investments: UK-focused investment platform with venture and growth debt exposure alongside equity; provides an alternative UK-rooted source of growth capital for the same target market.

Broad incumbents

• BBVA Spark: Innovation and venture banking unit of BBVA offering venture debt and growth financing across Europe; former employer of Atempo Partner Christhi Theiss and overlapping fintech and SaaS coverage.
• HSBC Innovation Banking: Global bank-led venture debt franchise providing lending and banking services to technology and life sciences companies; a larger, broader incumbent competing in Atempo's core market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/atempo-growth
• Xx.com/AtempoGrowth

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atempo Growth