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Swedish EQT set to lead EU’s Scaleup Europe Fund

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Photo: AaronP/Bauer-Griffin/GC Images

Vasilka Lalevska

2 min read
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The EU has tasked EQT to head the new €5 billion / $5.8 billion fund aimed at keeping Europe’s most promising tech companies from scaling abroad.

In a competitive selection process shortlisting leading players from UK, Sweden, and France, the European Innovation Council (EIC) Fund Board selected EQT as the fund manager for the Scaleup Europe Fund.

The selection process followed a public call for expression of interest that concluded in February 2026, as well as

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