Initiative overview
The Scaleup Europe Fund responds to Europe's well-documented late-stage funding gap, in which promising companies have struggled to access the growth capital needed to compete with US and Asian peers. The fund operates as a market-based, privately managed and privately co-financed growth vehicle, focusing on late-stage and growth capital investments in major European-led investment rounds across strategic deep tech sectors. The Commission is a founding investor alongside a group of leading European institutional investors announced on 28 October 2025, including Novo Holdings, EIFO (Denmark), CriteriaCaixa, Santander/Mouro Capital, Fondazione Compagnia San Paolo/Intesa Sanpaolo/Fondazione Cariplo, APG Asset Management (on behalf of Dutch pension fund ABP), Wallenberg Investments, and BGK (Bank Gospodarstwa Krajowego). An independent fund manager is being selected through a public call for expressions of interest (closed February 2026); appointment is expected in April 2026. A second fundraising round will follow to diversify the investor base.




























