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May 19, 2026

Inside EQT’s plan for the EU’s €5bn superfund: ‘We have over 100 companies in the pipeline’

The Swedish firm beat out British VC Atomico to run the EU’s new €5bn Scaleup Europe Fund


Anne Sraders and Freya Pratty

4 min read

Ted Persson

Late on Monday afternoon, partners at Swedish investment firm EQT were notified barely four minutes before the news was out: it had won the coveted mandate to manage the European Commission’s €5bn Scaleup Europe Fund.

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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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