EQT Ventures secures commitments totaling €660 million to back Europe’s most ambitious entrepreneurs and bring US startups into Europe | EU-Startups
Summary
EQT Ventures is modeled after the kind of VC the team would have liked to have had on their own startup journeys, providing support and advice throughout different stages of growth rather than just capital. It requires grit, ambition, teamwork and support from people who’ve experienced the startup journey firsthand,” said Hjalmar Winbladh, Partner and Investment Advisor to the EQT Ventures funds. He continued: “This is where the EQT Ventures team can help and, with a large multi-stage fund, we can support and coach entrepreneurs on their journeys for longer so they can scale and deliver long-term, sustainable growth. Europe has never lacked ambition, talent or innovation but compared with the US, European startups have often struggled to access the capital they needed to grow from bright ideas into proven businesses. With partner and investment advisor Alastair Mitchell heading up the San Francisco team, EQT Ventures is also well-positioned to support the best European startups when they expand into the US.