Atomic, a Miami, Florida-based technology venture studio, closed its fourth fund, at $320M.
Backed by top-tier endowments, foundations, and institutions globally, this raise brings total assets under management to over $750m in total assets in management.
The studio also hired former Postmates CFO Kristin Schaefer as a general partner. She joined Jack Abraham, Managing Partner and CEO, and Chester Ng, General Partner.
The fund will be exclusively starting and building companies.
Over the past year, the Atomic has grown to a total team of over 75 builders, started 16 companies and secured funding to accelerate the growth of some promising breakout companies, including Butter, OpenStore, and Replicant. Atomic recently added two new fellow entrepreneurs as VPs, Lauren Dickstein and Michael Stenclik, alongside Jordan Kong, Phil Liu, and Sharon Winter to help drive its 0-to-1 process. The “1-to-n” team of specialists has scaled as well across engineering, design, sales, marketing, recruiting, people operations, finance, accounting, legal, operations, and more.