investmentEuropean Commission Mobilizes Multi-Billion Fund To Support European Scaleups
The European Commission mobilised top-tier private investors to jointly establish the Scaleup Europe Fund, a new multi-billion-euro fund designed to invest in the most promising European companies in strategic deep tech areas. By uniting with these potential founding investors, the Commission advances the EU Startup and Scaleup Strategy, aiming to foster a dynamic and competitive ecosystem across Europe. This initiative responds to the critical need for increased investment in European scaleups, closing the gap with global leaders and ensuring continued innovation. The fund will focus on growth capital and late-stage investments across key technologies such as artificial intelligence and quantum computing to keep Europe’s best companies thriving at home. Europe Backs Deep Tech Scaleups With New Fund The European Commission is mobilising a multi-billion-euro fund to bolster Europe’s deep tech scale-ups, signalling a strong commitment to fostering innovation and competitiveness. This initiative, known as the Scaleup Europe Fund, aims to address the critical need for increased investment in European companies operating in strategic technological areas. By uniting with potential founding investors, the Commission is actively implementing the EU Startup and Scaleup Strategy, designed to create a thriving ecosystem across the continent. The Scaleup Europe Fund will focus on providing growth capital and late-stage investments in a broad range of European technology companies. Key areas of focus include artificial intelligence, quantum technologies, semiconductor technologies, robotics, and autonomous systems. A core group of potential investors, including Novo Holdings, EIFO, CriteriaCaixa, Santander/Mouro Capital, Fondazione Compagnia San Paolo/ Intesa Sanpaolo/Fondazione Cariplo, APG Asset Management acting on behalf of Dutch pension fund ABP, Wallenberg Investments, and BGK, have joined forces with the Commission and the European Investment Bank
