EQT Growth Fund Europe
Startup News 1 year ago
startup #investors

Stockholm’s EQT Growth announces €2.2 billion fund to back European startups

EQT Growth seeks to invest around EUR 50 million to EUR 200 million, backing strong management teams of companies supported by secular macro trends.

It aims to unleash sustainable growth in Europe and Israel’s leading technology companies, employing its thematic investment strategy, strong local presence, growth-stage expertise, and active ownership approach – supported by the global power of EQT.

EQT is pleased to announce the final close of EQT Growth (the “Fund”) above its EUR 2 billion target, raising EUR 2.2 billion in fee-generating assets under management (AUM) and total commitments of EUR 2.4 billion. As the largest first-time growth fund based in Europe, the raise underlines the strong investor demand for EQT Growth’s thematic investment strategy and active approach to unleashing sustainable growth in Europe and Israel’s leading technology companies.

EQT Growth was launched to support fast-growing technology companies, especially in Europe and Israel, as they continue to scale. Having invested in technology for nearly three decades, EQT sees the large opportunity for a growth investor with European roots and local expertise and capabilities to help elevate the region’s tech innovators to the world stage. Investment in European technology companies has grown vastly, increasing from around USD 20 billion in 2017 to over USD 100 billion in 2021, but European-based investors only made-up 30 percent of investors in growth-stage rounds in 2021.

The strategy seeks to invest around EUR 50 million to EUR 200 million, backing strong management teams of companies supported by secular macro trends primarily within four tech sub-sectors: enterprise, con/prosumer, health, and climate. It explores opportunities at the point where companies have achieved product-market fit and are taking the next step to scale. The Fund, which still has over two-thirds of capital available, has made seven investments to date and already includes some of Europe’s most innovative companies in its portfolio, such as Epidemic Sound, Mambu and Vinted.

About EQT

EQT is a purpose-driven global investment organization with EUR 77 billion in assets under management as of 30 June 2022, across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 280,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

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