EQT announced a €5 billion EU-backed superfund targeting growth-stage AI startups and deep-tech builders across Europe. The fund has over 100 companies in the pipeline and aims to create continental champions competing globally.
The superfund model pools capital across multiple LPs and geographies to deploy at scale, addressing the European venture-capital gap relative to the US and China. EQT's backing signals renewed institutional confidence in European AI talent despite slower early-stage VC activity.