Funding
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Scaleup Europe Fund

Activity from announced rounds

Activity in this selectionOct 11, 2026 · Europe · Sep 12, 2026

Scaleup Europe Fund is the EQT-managed fund explicitly named in EUCLYD, Tandem and Mistral announcements.

Recorded funding activity

EUCLYD develops processors and memory for inference. Tandem automates clinical documentation, while Mistral supplies models and computing infrastructure. This named fund remains separate from EQT Ventures, EIC Fund and earlier manager-level activity.

Sources
Rounds participated in
2
Confirmed lead rounds
2
All roles disclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$100M
1 disclosed · full round size, not this investor’s share

By stage

Series A1
Series B1

By primary sector

AI1
Healthtech1

By country

Netherlands1
Sweden1

Rounds

2 in this selection
EUCLYD

EUCLYD is developing custom AI processors, memory architectures and data-centre systems designed to make large-scale AI inference more power- and cost-efficient.

>€200MSeries A
Lead
Tandem Health

Tandem builds an AI clinical assistant that turns patient consultations and clinician dictation into draft notes and follow-up documents for review in existing medical-record systems.

$100MSeries B
Lead