EQT Ventures launches new billion-dollar fund

The fund has a volume of EUR 1.1 billion and is primarily aimed at young start-ups.

With EQT Ventures III, the Swedish private equity firm is launching what it says is Europe's largest venture capital fund for early-stage tech startups. According to the report, the fund has a volume of 1.1 billion euros. The fund is thus 200 million euros heavier than planned in the 2021 financial report. European and North American early-stage tech startups can receive one to 50 million euros from the fund, in which numerous investors have participated.

In 2016, EQT closed the first fund in the series with a volume of EUR 566 million. The second followed at the end of 2019 with a total of €660 million. Both funds are fully invested, as Gründerszene writes.

The current closing is already the second within a short time. Two months ago, the company launched a two billion euro fund for late-stage startups. "This is a real vote of confidence in EQT's active investment approach," says Head of Private Capital and Deputy Managing Partner Per Franzén. "We are now driving further collaboration between EQT Private Capital and our other funds."