Scaleup Europe Fund (EQT)

Sweden
Growth
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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.

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 active, ex-founders teamwebsite
140+ backed companies, 6-city global platformwebsite
Sana Labs, 1X, Payrails, Parloa exits livewebsite
Operational advisors for GTM, talent, commswebsite
AI/robotics/aerospace focus aligns EU sovereigntywebsite
Generation-Defining Companies framing attracts category leaderswebsite

Contrarian Signals

Portfolio breadth may dilute thematic convictionwebsite
Venture II fully deployed, may slow early-stage pacewebsite

Founder Do's

Build Generation-Defining Company with 10-year impact
Target AI, robotics, fintech, aerospace deep-tech
Raise €2-50M, Series A-C stage ideal
Stay European-rooted, scale globally via EQT platform
Show resilience + ex-founder/operator credibility

Founder Don'ts

Pitch pre-product or unproven concepts
Plan permanent European HQ exit
Lack operator DNA or founder grit

Key GPs & Partners

EQT
EQT
Fund Manager
mega-fundinstitutionalpan-European
CB
Carolina Brochado
Partner, Head of EQT Ventures & EQT Growth US
leadershipstrategyoperations
TP
Ted Persson
Partner
AIearly-stageoperator
TM
Tom Mendoza
Partner
fintechinfrastructurescale
VE
Victor Englesson
Partner, Head of Early Stage Technology
early-stagetechfounding
GvS
Gustav von Sydow
Partner
growthstrategyscaling
KS
Kaushik Subramanian
Partner
AIdatatech
RB
Rania Belkahia
Partner
growthoperationsscaling
SM
Sandra Malmberg
Partner
strategyscalingexecution
AFO
Alexander Fred-Ojala
Head of AI
AIdeep-techresearch
LH
Laurabeth Harvey
Operating Partner, GTM
go-to-marketscalingoperations
MvdP
Marnix van der Ploeg
Operating Partner, Amsterdam
regionaloperationsEU-based
PB
Polly Barnes
Operating Partner, Talent
talentrecruitmentteam-building
SG
Sofie Grant
Operating Partner & Head of Communications
communicationsbrandoperations

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Fund Overview

Fund Size€5B
Saves0

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

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