EQT Ventures gears up for third fund

The fund is registered as a Luxembourg-domiciled vehicle in the filing, which is dated 8 September 2021.

EQT Ventures was formed in 2016 and the GP's first venture fund held a final close in May 2016 on EUR 566m. The firm hired entrepreneurs Lars Jörnow, Kees Koolen and Hjalmar Windbladh to head the strategy.

EQT Ventures II held a final close in November 2019. The fund generally backs European startups at the Series A and Series B stage, but it can also invest in US-based companies that are looking to expand to Europe. The fund generally takes lead investor positions and had made 30 investments as of May 2021, according to EQT Ventures' website.

Recent investments via the strategy include workplace mental health platform Unmind and instant payments platform Volt. The GP uses its Motherbrain data platform as part of its deal sourcing process.

EQT Ventures has made four exits in Europe in 2021, all of which were via trade sales, according to Unquote Data: 3D Hubs, Peakon, Silexica and Reworks. Denmark-headquartered employee feedback software Peakon was sold to listed HR software Workday in a USD 700m deal in January 2021, while Netherlands-based online manufacturing platform 3D Hubs was sold to Proto Las in a deal that valued the company at USD 280m.

EQT Ventures had not responded to a request for comment at the time of publication.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Venture
• Nordics
• DACH
• France
• UK / Ireland
• Benelux
• Southern Europe
• EQT Ventures
• Sweden