# EQT's Scaleup Europe Fund: portfolio, investments and team > EQT's Scaleup Europe Fund is a growth equity. 5 investments on record, 5 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/eqt-s-scaleup-europe-fund (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # EQT's Scaleup Europe Fund Last cheque observed Sep 2026; 5 cheques on record. Email Deploying now Growth equity Series C Series A Series F Follow EQT's Scaleup Europe Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Feqt-s-scaleup-europe-fund) Deploying now **100%** of best year **5** **cheques in 12 months**, 5 on record Since the last cheque **46** days **00** hrs **00** min **00** sec Median round **$450M** Rounds led **4 of 5** Mostly in **Netherlands, 20%** Pitch EQT's Scaleup Europe Fund ## EQT's Scaleup Europe Fund highlights - 01 5 cheques in the last 12 months - 02 Mostly Series C and Series A: 75% of its rounds - 03 Led 4 rounds ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **5 appearances** - **2026** 5 rounds - **Sept** **[EUCLYD](https://millionrounds.com/company/euclyd)** Series A · NL · TechStartups **$231M** *Led* - **Sept** **[The Exploration Company](https://millionrounds.com/company/the-exploration-company)** Series C · DE · Firms' own news pages **$450M** *Led* - **Aug** **[Lovable](https://millionrounds.com/company/lovable)** Series C · SE · Menlo Ventures **$400M** *Led* - **Aug** **[ICEYE](https://millionrounds.com/company/iceye)** Series F · FI · Generation Space **$1.2B** *Led* - **Jun** **[Mistral AI](https://millionrounds.com/company/mistral-ai)** FR · TechCrunch **$1.2B** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The cheque Series C Series A Series F Median round joined **$450M** the round, not its cheque Led 4 of 5 rounds **80%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series C *2* - Series A *1* - Series F *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) 4 - [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 2 - [EQT](https://millionrounds.com/fund/eqt) 2 **Pitching EQT's Scaleup Europe Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as EQT's Scaleup Europe Fund. A count of rooms they were both in, not a relationship either has claimed. [**Scaleup Europe Fund** Growth equity **4** rounds together](https://millionrounds.com/fund/scaleup-europe-fund)[**Balderton Capital** VC firm **2** rounds together](https://millionrounds.com/fund/balderton-capital)[**EQT** Private equity **2** rounds together](https://millionrounds.com/fund/eqt) ## Recently backed The latest companies EQT's Scaleup Europe Fund put money into. [**EUCLYD** $231M · Sept 2026](https://millionrounds.com/company/euclyd)[**The Exploration Company** $450M · Sept 2026](https://millionrounds.com/company/the-exploration-company)[**Lovable** $400M · Aug 2026](https://millionrounds.com/company/lovable)[**ICEYE** $1.2B · Aug 2026](https://millionrounds.com/company/iceye)[**Mistral AI** $1.2B · Jun 2026](https://millionrounds.com/company/mistral-ai) ## Quick answers about EQT's Scaleup Europe Fund ### What does EQT's Scaleup Europe Fund invest in? EQT's Scaleup Europe Fund invests most often at Series C and Series A (75% of the rounds on record). ### How active is EQT's Scaleup Europe Fund? 5 investments on record, 5 of them in the last 12 months, and it led 4. The most recent was in Sept 2026. ### What has EQT's Scaleup Europe Fund invested in recently? Its most recent investments on record: EUCLYD (Series A, Sept 2026), The Exploration Company (Series C, Sept 2026) and Lovable (Series C, Aug 2026). ### How big are EQT's Scaleup Europe Fund's cheques? The median round it joins is $450M. ### Does EQT's Scaleup Europe Fund lead rounds? Yes: it led 4 of its 5 investments on record (80%). ### Where does EQT's Scaleup Europe Fund invest? Most of the companies it backs are in the Netherlands (20%), Germany (20%) and Sweden (20%). ### Is EQT's Scaleup Europe Fund investing now? Yes: it is actively investing, with 5 investments in the last 12 months. ### Who does EQT's Scaleup Europe Fund invest alongside? Most often Scaleup Europe Fund (4 rounds together), Balderton Capital (2 rounds together) and EQT (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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