In a significant development, Miami-based tech incubator Atomic has successfully finalized its fourth funding round, amassing $320 million. This achievement, backed by globally recognized endowments, foundations, and institutions, raises the company’s total managed assets to over $750 million.
Adding a new dynamic to the team, Kristin Schaefer, Postmates’ former CFO, has been appointed as a general partner. She will work closely with CEO and Managing Partner, Jack Abraham, and General Partner, Chester Ng.
With these new funds, Atomic will focus on the inception and growth of start-ups, solidifying its commitment to fostering innovation.
In the previous year, Atomic’s team has expanded to more than 75 members, initiating 16 companies and securing financial support to expedite the development of several emerging enterprises like Butter, OpenStore, and Replicant. Atomic also welcomed Lauren Dickstein and Michael Stenclik as new Vice Presidents, joining existing VPs Jordan Kong, Phil Liu, and Sharon Winter to bolster its startup nurturing process. Furthermore, Atomic has expanded its specialist “1-to-n” team across diverse fields such as engineering, design, sales, marketing, recruitment, human resources, finance, legal, operations, and beyond.