Swedish investment firm EQT, this week appointed to manage the European Union’s €5bn ScaleUp Fund, would like to invest the funds into UK companies, its CEO has told Sifted.
Pro
Exclusive
May 22, 2026
Exclusive: EQT wants to back UK startups with EU’s €5bn superfund
The fund currently does not have the mandate to invest in the UK
Maya Dharampal-Hornby, Freya Pratty and John Thornhill
2 min read
Maya Dharampal-Hornby is a reporter, covering UK tech for Sifted, based in London. She's also the producer of Startup Europe — The Sifted Podcast .
Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky
John Thornhill is Sifted’s founder and innovation editor of the Financial Times. He tweets from @johnthornhillft

Up Round newsletter
Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.
Recommended
Ex-EQT investor Doreen Huber joins Interface Capital with eye for cyber deals amid ‘extremely scary’ AI agent boom
The former founder and Delivery Hero exec says cybersecurity threats are growing as fast as AI
Are VCs as ‘dangerous’ as Nik Storonsky thinks they are?
Revolut CEO says founders should keep VCs off their boards. But others argue the right investors can be invaluable
Follow Jensen’s money not his mouth
Despite the region’s promise, the Nvidia CEO is right that there are many things that need fixing in Europe


