EQT and Atomico go head-to-head to manage €5bn EU fund

2026-04-01 · Source: Sifted · Field: Finance & Economics — Capital Markets & Investment Management, FinTech & Digital Financial Services · Depth: Intermediate, quick

Summary

Swedish investment firm EQT and UK-based VC Atomico are currently the final contenders to manage the EU's €5bn Scaleup Europe Fund. This head-to-head competition follows the non-selection of other firms, including Eurazeo, Northzone, and Vitruvian Partners. A decision regarding the winner of the fund management role is reported to be "imminent." The article highlights the significant competition for this substantial European investment fund.

Key takeaway

EQT and Atomico are the final contenders to manage the EU's €5bn Scaleup Europe Fund, with a decision "imminent" after beating out other major VCs. This fund is critical for boosting European deep tech and scaleups, targeting sectors like AI, quantum, and new materials. The chosen manager will significantly influence the continent's venture capital landscape and investment strategy for high-growth companies.

Topics

• Scaleup Europe Fund
• EQT
• Atomico
• EU Fund Management
• Venture Capital

Best for: Investor, Consultant, Executive

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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.