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May 18, 2026

EQT beats Atomico to manage €5bn Scaleup Europe Fund

The firm will be in charge of investing into European deeptech startups working in areas like quantum computing and AI


Anne Sraders and Freya Pratty

2 min read

The European Commission has chosen Swedish investment firm EQT to manage its new €5bn Scaleup Europe Fund after a closely-watched race among the region’s top firms like the UK’s Atomico and France’s Eurazeo. 

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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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