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April 1, 2026

EQT and Atomico go head-to-head to manage €5bn EU fund

A decision regarding the winner of the fund is “imminent”, a source with direct knowledge told Sifted

Anne Sraders and Freya Pratty

3 min read

Swedish investment firm EQT and UK-based VC Atomico are still in the running to manage the EU’s €5bn Scaleup Europe Fund after Eurazeo, Northzone and Vitruvian Partners were not selected, Sifted has learnt. 

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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