Skype Co-Founders Launching Venture Fund, Looking To Raise $266 Million

Skype Co-Founders Niklas Zennstrom and Janus Friis are Launching a new venture fund, looking To Raise $266 Million similar to Andreessen & Horowitz Looking To Raise $250 Million For VC Fund.

The two men sold Skype to eBay in 2005 for $2.6 billion, and later received bonus payouts that increased the final price to $3.1 billion. Since then, Mr. Zennstrom, a native of Sweden, and Mr. Friis, of Denmark, have created the Atomico venture capital firm and backed the online video service Joost, both based in London.

The fund will focus on European consumer-faced technology businesses with big ambitions to disrupt industries, like Skype and Kazaa did.