Atomic Sky – significant six-figure sum investor

Atomic Sky secures second round of funding from high profile investor, triples its investment opportunities.

TECH HUB

Perth-based startup incubator and accelerator, Atomic Sky, recently announced that is has raised a second round of financing from a high profile local investor, a “significant six-figure sum”

The funding comes six months after Atomic Sky opened its Tech Hub, and will be used to support its plans to increase and scale its investments in Perth-based technology startups.

By attracting a prominent investor, allows Atomic Sky to triple its investment opportunities over the next 12 months and bring Perth’s startup community into the spotlight.

“There has been strong investor interest in what we’re doing at Atomic Sky and it is fantastic confirmation that the model we’ve built to help startups and organisations develop their ideas is working,”

“The startup scene in Perth is really gaining traction, and being able to increase our level of investment in this space will only generate more momentum”.

Atomic Sky established itself in December 2012 and provides the Perth startup community with a mixture of cash, code, commercialisation and co-working space. The market value of Atomic Sky is currently between $1 million and $2 million, according to Lamb.

The accelerator currently has nine projects underway. Four of these startups have been invested in, whilst the rest are receiving mentoring or consulting around software development.

The latest round of funding will allow Atomic Sky to make equity investments in businesses every two months.

The latest investment will also be used to broaden the scope of services that Atomic Sky will offer under its brand, looking to expand into other industries – including mining tech and agriculture. This is not only to achieve congruency with Atomic Sky’s Perth location, but also because of the background and networks of its new investor.