Fund profile / Sweden

Scaleup Europe Fund (EQT)

Geography
Sweden
Stage
Growth
Fund size
€5B
Focus
AI/ML, Biotech, Climate & Sustainability and Deep Tech
Signals
Published
Share
N°01 / About

About Scaleup Europe Fund (EQT)

The Scaleup Europe Fund is the largest pan-European late-stage tech vehicle ever assembled, with EQT winning the European Commission mandate. ~€2.5B committed from the European Innovation Council (€1B) and heavyweight LPs including Novo Holdings, Allianz, APG, CriteriaCaixa, Santander, and the Wallenberg family. Targets Series B+ in AI, quantum, clean energy, space, biotech, and dual-use. First investments expected autumn 2026.

N°02 / Thesis

Investment Focus

Location / RegionSweden
Funding StageGrowth
Industry Focus
AI/ML
Biotech
Climate & Sustainability
Deep Tech
Defense
Energy Tech
Space

Investor Signals Profile

active

Sweet Spot

European Series A-C founder building generation-defining AI/robotics/fintech company

AI
robotics
fintech
aerospace
generation-defining-companies

Bullish Signals

€1.1B Ventures III fully active, investing nowwebsite
140+ backed companies, €2-50M deployment rangewebsite
Sana Labs, 1X, Payrails, Parloa portfolio highlightswebsite
Ventures II fully deployed, III scaling portfoliowebsite
Ex-founder/operator team knows trenches deeplywebsite
Generation-Defining Companies framing attracts category leaderswebsite
Six-city global footprint: Stockholm, Paris, London, Berlin, Amsterdam, NYCwebsite
Radical support model: GTM, talent, comms, regional opswebsite
Sana Labs exits 2025 after 2021 entry, successful exit trajectorywebsite
Ted Persson leads AI, robotics, aerospace with proven outcomeswebsite

Contrarian Signals

Portfolio breadth may dilute thematic convictionwebsite
Ventures II fully deployed, may slow early-stage velocitywebsite

Founder Do's

Build generation-defining company, 10-year horizon
Focus AI, robotics, fintech, aerospace deep-tech
Raise €2-50M Series A-C stage
Leverage EQT platform for global scaling
Demonstrate founder/operator credibility and resilience

Founder Don'ts

Pitch pre-product or unproven concepts
Lack ex-founder or operator DNA
Plan permanent exit from Europe

45 signals on Scaleup Europe Fund (EQT)

10 bullish · 2 contrarian · 5 pitch do's · 3 don'ts · 25 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€5B
Saves0
People

Key People

EQT

EQTFund Manager
Carolina BrochadoPartner, Head of EQT Ventures & EQT Growth US
Ted PerssonPartner
Tom MendozaPartner
Victor EnglessonPartner, Head of Early Stage Technology
Gustav von SydowPartner
Kaushik SubramanianPartner
Rania BelkahiaPartner
Sandra MalmbergPartner
Alexander Fred-OjalaHead of AI
Laurabeth HarveyOperating Partner, GTM
Marnix van der PloegOperating Partner, Amsterdam
Polly BarnesOperating Partner, Talent
Sofie GrantOperating Partner & Head of Communications
Pierrick CudonnecDirector
Sai SriramagiriDirector
Anton Ask ÅströmAnalytics Lead
Björn StrömAI Engineering Manager
Maximilian SamneQuant AI Analyst
Frankie GreenwellEarly Stage Talent Lead
Nitya HindujaAssociate
Gustav SkarmanAnalyst
Chloe ParamattiPeople Operations
Conrad SchooAnalyst
Hampus SärnbrattAnalyst
Backers

Known LPs

Novo HoldingsFoundation / Endowment
AllianzInsurer
+6 more LPs in LP Radar
N°04 / See also

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