EQT Says New Tech Fund Can Lift Europe Beyond 14 $10 Billion Startups
Updated
Updated · Bloomberg · May 19
EQT Says New Tech Fund Can Lift Europe Beyond 14 $10 Billion Startups
6 articles · Updated · Bloomberg · May 19
Per Franzen said EQT’s new tech fund is aimed at fixing Europe’s scale-up gap by backing the region’s most promising startups into global champions.
The pitch rests on a stark imbalance: over the past 50 years, 250 US startups reached a $10 billion market value, versus just 14 in Europe.
Franzen argued the fund can help Europe keep and grow high-potential companies at a larger scale, rather than letting the region continue to lag the US in producing big tech winners.
With US AI dominating global funding, can Europe's new €5 billion fund truly create a global tech champion?
Will a massive state-backed fund fix Europe's startup problem, or will it just distort the private venture capital market?