19 May 2026
EIC selects EQT to lead €5 billion Scaleup Europe Fund
The European Innovation Council (EIC) Fund Board has chosen EQT as the preferred investment adviser and fund manager for the Scaleup Europe Fund. This decision follows a highly competitive selection process.
As a cornerstone of the EU Startup and Scaleup Strategy, the Scaleup Europe Fund will provide critical growth capital to high-potential companies in strategic deep-tech sectors, including artificial intelligence, quantum computing, dual use technologies, clean energy, space technology, biotech and medical innovation. The Fund is designed to bridge the late-stage financing gap and incentivise Europe's most promising scaleups to choose to stay in Europe. EQT, a global investment organisation with European roots, brings expertise in growth equity for high-potential technology companies.
The decision paves the way for the operational launch of the Fund, as the final contractual agreements and approvals are underway. It follows a public call for expression of interest (December 2025 – February 2026) as well as a comprehensive evaluation based on investment expertise and experience in scaleup investments, fundraising capability, and a commitment to leading the Fund with a dedicated team based in the EU.
The Scaleup Europe Fund and its fund manager will be introduced at the EIC Summit on 3 June 2026. The Fund is expected to begin making its first investments in autumn 2026.
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