# Scaleup Europe Fund: portfolio, investments and team > Scaleup Europe Fund is a growth equity based in United States. 8 investments on record, 7 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/scaleup-europe-fund (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Scaleup Europe Fund Last cheque observed Oct 2026; 8 cheques on record. Email Deploying now Growth equity Series A Follow Scaleup Europe Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fscaleup-europe-fund) Deploying now **100%** of best year **7** **cheques in 12 months**, 8 on record Since the last cheque **11** days **00** hrs **00** min **00** sec Median round **$425M** Rounds led **7 of 8** Sole investor **1 rounds** Mostly in **France, 25%** Pitch Scaleup Europe Fund ## Scaleup Europe Fund highlights - 01 7 cheques in the last 12 months - 02 Mostly Series C and Series F: 50% of its rounds - 03 Sole investor in 1 rounds, median $510M ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Series A - **Based in:** Radnor, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **8 appearances** - **2026** 7 rounds - **Oct** **[Pigment](https://millionrounds.com/company/pigment)** Series E · FR · Wowtale **$250M** *Led* - **Sept** **[EUCLYD](https://millionrounds.com/company/euclyd)** Series A · NL · TechStartups **$231M** *Led* - **Sept** **[Tandem Health](https://millionrounds.com/company/tandem-health)** Series B · SE · ArcticStartup **$100M** *Led* - **Sept** **[The Exploration Company](https://millionrounds.com/company/the-exploration-company)** Series C · DE · Firms' own news pages **$450M** *Led* - **Sept** **[Mistral AI](https://millionrounds.com/company/mistral-ai)** Series D · FR · Samsung Catalyst Fund **$3.5B** With 23 others - **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* - **2025** 1 round - **Jun** **[ICEYE](https://millionrounds.com/company/iceye)** Series F · FI · Firms' own news pages **$510M** *Led* 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 A Median round joined **$425M** the round, not its cheque Alone, median **$510M** Led 7 of 8 rounds **88%** - **Sole investor:** 1 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series C *2* - Series F *2* - Series A said *1* - Series B *1* - Series D *1* - Series E *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) 4 - [EQT](https://millionrounds.com/fund/eqt) 3 - [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 2 - [Bpifrance](https://millionrounds.com/fund/bpifrance) 2 - [Carmignac](https://millionrounds.com/fund/carmignac) 2 - [DST Global](https://millionrounds.com/fund/dst-global) 2 **Pitching 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 Scaleup Europe Fund. A count of rooms they were both in, not a relationship either has claimed. [**EQT's Scaleup Europe Fund** Growth equity **4** rounds together](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund)[**EQT** Private equity **3** rounds together](https://millionrounds.com/fund/eqt)[**Balderton Capital** VC firm **2** rounds together](https://millionrounds.com/fund/balderton-capital)[**Bpifrance** Government **2** rounds together](https://millionrounds.com/fund/bpifrance)[**Carmignac** Growth equity **2** rounds together](https://millionrounds.com/fund/carmignac)[**DST Global** Private equity **2** rounds together](https://millionrounds.com/fund/dst-global)[**NVIDIA** Company **2** rounds together](https://millionrounds.com/fund/nvidia)[**Salesforce Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/salesforce-ventures)[**World Innovation Lab Wil** VC firm **2** rounds together](https://millionrounds.com/fund/wil-world-innovation-lab) ## Recently backed The latest companies Scaleup Europe Fund put money into. [**Pigment** $250M · Oct 2026](https://millionrounds.com/company/pigment)[**EUCLYD** $231M · Sept 2026](https://millionrounds.com/company/euclyd)[**Tandem Health** $100M · Sept 2026](https://millionrounds.com/company/tandem-health)[**The Exploration Company** $450M · Sept 2026](https://millionrounds.com/company/the-exploration-company)[**Mistral AI** $3.5B · Sept 2026](https://millionrounds.com/company/mistral-ai)[**Lovable** $400M · Aug 2026](https://millionrounds.com/company/lovable) ## Mentioned on podcasts Episodes that name Scaleup Europe Fund in their description, not their title. - [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 29 Sept 2026 · 53 min EQT's Christian Sinding - "Why not" Europe and building the €1 trillion company With [Christian Sinding](https://millionrounds.com/person/christian-sinding) Mentions [European Commission](https://millionrounds.com/fund/european-commission)[Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Apple PodcastsShow page - [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 24 Sept 2026 · 20 min E 778, Isar Aerospace, ESA & Europe's Sovereignty Stack Mentions [In-Q-Tel](https://millionrounds.com/fund/iqt)[Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Apple PodcastsShow page - [Startup Europe](https://millionrounds.com/podcasts/sifted) 11 Sept 2026 · 21 min Is Mistral's monster fundraise a win for European sovereignty? Mentions [HSBC](https://millionrounds.com/fund/hsbc)[Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Apple Podcasts - [Startup Europe](https://millionrounds.com/podcasts/sifted) 19 May 2026 · 9 min EQT has won the EU's €5bn superfund. Now what? Mentions [Atomico](https://millionrounds.com/fund/atomico)[Eurazeo](https://millionrounds.com/fund/eurazeo)[Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Apple Podcasts ## Quick answers about Scaleup Europe Fund ### What does Scaleup Europe Fund invest in? Scaleup Europe Fund invests most often at Series C and Series F (50% of the rounds on record). ### How active is Scaleup Europe Fund? 8 investments on record, 7 of them in the last 12 months, and it led 7. The most recent was in Oct 2026. ### What has Scaleup Europe Fund invested in recently? Its most recent investments on record: Pigment (Series E, Oct 2026), EUCLYD (Series A, Sept 2026) and Tandem Health (Series B, Sept 2026). ### How big are Scaleup Europe Fund's cheques? The median round it joins is $425M. ### Does Scaleup Europe Fund lead rounds? Yes: it led 7 of its 8 investments on record (88%). ### Where does Scaleup Europe Fund invest? Most of the companies it backs are in France (25%), Sweden (25%) and Finland (25%). ### Is Scaleup Europe Fund investing now? Yes: it is actively investing, with 7 investments in the last 12 months. ### Who does Scaleup Europe Fund invest alongside? Most often EQT's Scaleup Europe Fund (4 rounds together), EQT (3 rounds together) and Balderton Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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