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Skype duo launch $165m fund

Skype founders Niklas Zennström and Janus Friis are making a comeback with a new investment fund for European technology start-ups. The pair are reported to have raised $165m (£110m) to launch a second fund under their Atomico Ventures umbrella. The vehicle will look to pick out the future Googles and Facebooks – young companies that are able to build up revenue streams without racking up large overheads or requiring heavy financing.