EQT: Closing of Europe’s largest early stage fund of € 1.1 billion

Stockholm/ Munich — EQT has announ­ced the closing of EQT Ventures Fund III with total commit­ments of € 1.1 billion. This makes the fund the largest Euro­pean fund to date focu­sed on inves­t­ing in early-stage Euro­pean and North Ameri­can tech­no­logy start-ups.

The fund, which includes a variety of Euro­pean, North Ameri­can and Asian insti­tu­tio­nal inves­tors, foun­da­ti­ons and endow­ment funds, will make invest­ments of EUR 1–50 million in foun­­der-led start­ups that are using tech­no­logy to try to solve some of society’s biggest challenges.

With EQT Ventures III, the EQT Ventures funds have commit­ted a total of EUR 2.3 billion since their launch in 2016. EQT Ventures funds have made over 100 invest­ments, nine of which have reached a valua­tion of more than EUR 1 billion and 18 of which have been sold. EQT Ventures III has led invest­ments in 13 compa­nies, inclu­ding June, Nothing, Knoe­tic and Candela.

EQT Ventures III and EQT Growth toge­ther raise EUR 3.5 billion in new commit­ments to invest in early and growth-stage tech­no­logy compa­nies, rein­for­cing EQT’s posi­tion as a leading tech­no­logy investor.

The closing of EQT Ventures III for EUR 1.1 billion follows the recent closing of the EQT Growth fund with total commit­ments of EUR 2.4 billion.