So much for the recession. Atlas Venture, the VC house that’s backed ShozU, Songbird, Moo and Dailymotion, is starting a new $283 million venture fund. But the firm is also restructuring, with Boston-based partner Ahmet Ozalp and London-based Martin Gibson leaving the company.

SEE ALSO: Balderton Targets Downturn Innovation With $430 Million New VC Fund

Clearly, fund backers who have made a killing from previous investments are still keen to offer their cash up for VCs. After Balderton opened a new $430 million fund earlier this month and Index Ventures opened a new €400 million fund last January, three of the biggest investors in European digital media have set aside a total £868 million for investments in the last year alone.

Atlas’ London-based Dailymotion backer Fred Destin: “We are in business, with a fund that has critical mass, a good group of people and our first investment, (from the new fund), Cloudswitch (stealth-mode, baby). Lean and hungry.” For those who fret about startups (Index’s new fund is aimed at later-stage companies), yes, Atlas is looking squarely for early-stage outfits.