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EU Selects EQT to Run Its Nearly $6 Billion Scaleup Europe Fund
The fund will target deep-tech scale-ups across strategic sectors as the EU seeks to keep more companies and capital in Europe.
- The European Innovation Council selected Stockholm-headquartered EQT to manage the new Scale-up Europe Fund following a competitive selection process from December 2025 to February 2026.
- Designed to build on the "choose Europe to start and scale" strategy, the fund addresses a persistent late-stage financing gap that forces European scale-ups to relocate abroad.
- Founding investors include Novo Holdings, ABP, Allianz, and a consortium of Italian foundations, with the fund targeting growth capital for artificial intelligence, quantum computing, biotech, and space technology.
- With due diligence underway, the fund will be formally presented at the EIC Summit on June 3, with first investments planned for autumn 2026.
- "Europe's competitiveness hinges on scaling our own innovation," said Ekaterina Zaharieva, Europe's commissioner for start-ups, research and innovation, as the European Commission aims to eventually raise €25bn.
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14 Articles
14 Articles
Venture capital company EQT has won a tender to manage an EU fund that will be used to strengthen so-called deep tech companies.
·Stockholm, Sweden
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The European Commission has appointed the Wallenberg family's venture capital company EQT to manage the Scaleup Europe Fund, the company writes in a press release.
·Stockholm, Sweden
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The Swedish investment company will lead the largest deeptech fund ever set up in Europe, whose first investments are now expected in the autumn.
Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
Factuality
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