Extra personnel adjustments in European early-stage VC, this time it’s the newest profession transfer of former Spotify world director of promoting Sophia Bendz, who’s leaving Atomico to affix Berlin’s Cherry Ventures. TechCrunch understands that the total Atomico workers are being knowledgeable of Bendz’ departure at an all-hands presently going down.

Her acknowledged motive for leaving the London VC agency — which primarily does Collection A and Collection B rounds — is that, having made the troublesome transition from seasoned operator to enterprise capitalist, she desires to deal with seed-stage the place she will be able to do extra offers and work intently with founders and their groups at a a lot earlier stage.

Swedish Bendz is already a prolific angel investor, with a complete of 44 offers within the final 9 years! Notably, though she was promoted to accomplice at Atomico in November 2018, she has helped supply and perform due diligence on plenty of offers however was but to guide any. I wouldn’t learn an excessive amount of into that nevertheless it speaks to the truth that a Collection A and past agency does many fewer offers per yr than a seed investor, and likewise the funding course of may be very totally different, too.

Within the a number of calls through the years I’ve had with Bendz, I all the time received the impression that her ardour is early-stage and particularly client. In a short catch up name yesterday, she made that abundantly clear.

That’s borne out by considered one of her fundamental initiatives at Atomico, the place she conceived of and led the Atomico angel programme. The scheme is designed to “activate” the latent angel investing potential of well-connected and gifted folks throughout the European ecosystem who don’t essentially have the funds to angel make investments on their very own. In addition to fronting the cash, Atomico — led by Bendz — gives mentoring and authorized help for angel buyers recruited to this system.

To that finish, I’m instructed that the angel programme will proceed and that Bendz will proceed as an advisor. Formally, she stays at Atomico over the summer time as she transitions Nordic sourcing over to different members of the funding workforce, earlier than beginning with Cherry in September.

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