Stockholm-based EQT Ventures closes third fund at €1.1B: Know extra

The Fund consists of participation from a number of European, North American, and Asian institutional traders, foundations, and endowments. The VC has already backed and supported 13 corporations because the lead investor. 

EQT Ventures Funds have revamped 100 investments in six years. 9 of those corporations have reached €1B+ valuation, together with Wolt, Small Big Video games, Einride, Handshake, Netlify, and Instabox (as we speak Instabee). The announcement comes two months after the shut of the EQT Development fund at €2.4B. 

Lars Jörnow, Companion at EQT Ventures, says, “EQT Ventures was based to provide entrepreneurs the investor that we might have wished on our firm board. Now, with a freshly raised €1.1B, an advisory workforce of founders and operators, and being backed by EQT, one of many world’s largest tech traders, EQT Ventures is right here to proceed the journey as half startup, half VC, investing holistically in early-stage tech startups, giving founders a quick monitor to scale.”

EQT Ventures: Dedicated to early-stage startups

EQT Ventures is a enterprise capital fund dedicated to early-stage tech startups in Europe and the US. The EQT Ventures funds are suggested by over 40 founders and operators throughout places of work in Stockholm, London, San Francisco, Berlin, and Paris, with a 50/50 gender cut up. 

The workforce’s steering to the portfolio is assisted by its proprietary AI market intelligence instrument – EQT Motherbrain. It’s used to supply funding alternatives and has assisted EQT Ventures supply 15 investments to this point, representing €200M of invested capital in whole. 

It additionally gives market intelligence to founders inside the EQT Ventures portfolio.

Per Franzén, Head of Personal Capital and Deputy Managing Companion at EQT, says, “Coming shortly after the shut of EQT Development, EQT Ventures’ profitable fundraising is an actual vote of confidence in EQT’s lively possession strategy to investing. The capital raised throughout each funds means EQT has now raised new commitments of EUR 3.5 billion to non-public market tech, consolidating our place as one of many world’s largest tech traders. By driving collaboration throughout EQT Personal Capital, we are going to proceed on the forefront of expertise investments throughout methods.”

Alastair Mitchell, Companion at EQT Ventures, says, “Now’s the time to again class leaders, these driving innovation to alter the world for the higher. EQT Ventures was set as much as give founders the perfect likelihood of reaching scale, no matter the macroeconomic local weather. We’re an advisory workforce of founders and operators which have weathered cycles and have expertise creating world companies. The Fund will double down on EQT Ventures’ confirmed European monitor report whereas persevering with to develop the spectacular portfolio of US startups scaling internationally.”