Atomic

Atomic is a prominent venture studio and fund based in Miami, Florida, established in 2012. Unlike traditional venture capital firms, Atomic's core model involves conceiving new business ideas, recruiting experienced founding teams, and then providing the foundational capital and operational resources to launch and scale these companies from inception. This hands-on approach positions them as co-founders and incubators, deeply involved in the early stages of their portfolio companies.

The studio has a strong track record of creating successful ventures across various sectors. Among their most notable achievements is Hims & Hers, a telehealth platform that went public via SPAC at a $1.6 billion valuation. Other successful companies launched by Atomic include residential marketplace Bungalow, e-commerce aggregator OpenStore, and AI-powered contact center Replicant. This strategy has led to the creation of over 20 companies, which collectively boast a valuation exceeding $10 billion, demonstrating Atomic's ability to identify and cultivate high-growth opportunities.

Atomic itself has attracted substantial capital to fuel its unique model. The firm has raised a total of $750 million in funding across various rounds, including a significant $320 million for its fourth fund, Atomic Fund IV. This substantial capital base allows Atomic to provide robust initial funding and ongoing support to the companies it builds. While they don't typically write "first checks" to external startups in the traditional sense, the capital they inject into their newly formed companies serves a similar purpose, providing the necessary runway for initial development and market entry.

Given their venture studio model, the "check size" refers to the initial capital they inject into the companies they build from scratch. This capital is designed to cover initial operations, team building, and product development, often serving as the seed or early-stage funding for their internal ventures. Based on the scale of companies they aim to create and the substantial funds they manage, this initial capital injection typically ranges from $1 million to $15 million, providing significant runway for their incubated companies to achieve critical milestones and attract further investment.