Scaleup Europe Fund

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Enterprise software · Jan 1, 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
3
Confirmed lead rounds
2
1 roles undisclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$1.8B
3 disclosed · full round size, not this investor’s share

By stage

Series C+2
Undisclosed1

By primary sector

AI1
Enterprise software1
Space tech1

By country

Finland1
France1
Sweden1

Rounds

3 in this selection
Pigment

Pigment provides business planning and performance-management software.

$250MSeries E
Lead
Lovable

Lovable helps people build software by describing what they want to an AI development platform.

$400MSeries C
Lead
Iceye

ICEYE builds and operates radar-imaging satellites and delivers Earth-observation data and intelligence to governments and businesses.

€1BUndisclosed
Role not disclosed