COMPANIES Atlas Venture, the venture capital group behind the Dailymotion video website, said on Thursday it was slimming down its investment team after the tough financial climate forced it to cut short its fundraising well below its $400m target.
The London- and Boston-based company, which focuses on early-stage investments in start-up technology and life sciences companies, said it had raised $283m for its eighth fund. It warned that fundraising would be even tougher in future.
