Launched in 2016 as the venture arm of EQT, the Swedish private equity giant founded with Wallenberg family backing. It pitched itself as a "founders backing founders" fund with the resources of a global PE platform behind it.
Multi-stage early venture (seed to Series B) across Europe and the US, augmented by its in-house AI sourcing platform.
SaaS, AI, fintech, gaming, deeptech, climate
Wolt, Einride, Netlify, Small Giant Games, Anyfin
Wolt (~€7B acquisition by DoorDash), Small Giant Games ($700M to Zynga)
EQT Ventures built "Motherbrain," an in-house AI system that screens millions of startups for sourcing, one of the first VC funds to make algorithmic sourcing a core pitch.
| Company | Rounds | Invested |
|---|---|---|
| Verkor Energy | 2 rounds, 1 led | $968M |
| Einride Logistics | 4 rounds | $523M |
| Parloa AI | 3 rounds, 1 led | $436M |
| Instabox Logistics | 2 rounds, 1 led | $280M |
| Juni Fintech | 2 rounds, 1 led | $173M |
| Starcloud SpaceTech | 1 round, 1 led | $170M |
| Nothing Consumer | 2 rounds, 1 led | $159.4M |
| Dott Mobility | 2 rounds | $155M |
| Holidu Consumer | 2 rounds | $145M |
| Heart Aerospace Mobility | 2 rounds | $142M |
| Candela Mobility | 5 rounds, 2 led | $115.3M |
| Formo foodtech | 2 rounds, 1 led | $111M |
| 1X Technologies Robotics | 1 round, 1 led | $100M |
| Varjo Hardware | 2 rounds, 1 led | $94M |
| Anyfin Fintech | 2 rounds | $81M |
| Cleo Fintech | 1 round | $80M |
| Permutive AdTech | 1 round | $75M |
| AnyDesk SaaS B2B | 1 round | $70M |
| Volt Fintech | 1 round | $60M |
| Moralis Web3 | 2 rounds, 1 led | $53.4M |
| Sana Labs ai_ml | 2 rounds, 1 led | $52M |
| Hume AI AI | 1 round, 1 led | $50M |
| Frontify SaaS B2B | 1 round | $50M |
| Payrails Fintech | 2 rounds, 1 led | $46.4M |
| The Exploration Company SpaceTech | 1 round, 1 led | $40.5M |
| The Exploration Company spacetech | 1 round, 1 led | $40.5M |
| Griffin Fintech | 3 rounds, 1 led | $38.1M |
| Qevlar AI Cybersecurity | 2 rounds, 1 led | $34.8M |
| Beside SaaS B2B | 1 round, 1 led | $32M |
| Baller League media | 1 round, 1 led | $25M |
| Treecard Fintech | 1 round | $23M |
| Vsim Robotics | 1 round, 1 led | $21.5M |
| Vectornator DevTools | 1 round, 1 led | $20M |
| Sana Labs EdTech | 1 round, 1 led | $18M |
| Depict.ai E-Commerce | 1 round | $17M |
| Packmatic Marketplace | 1 round, 1 led | $16M |
| Codacy DevTools | 1 round | $15M |
| Token.io Fintech | 1 round | $15M |
| Pactio Fintech | 1 round, 1 led | $14M |
| Timeless Fintech | 1 round, 1 led | $13M |
| CodeSandbox DevTools | 1 round, 1 led | $12.7M |
| Timeless Fintech | 1 round | $12.4M |
| Siilo Healthtech | 1 round | $11.2M |
| Billhop Fintech | 1 round, 1 led | $11.1M |
| Wonder SaaS B2B | 1 round, 1 led | $11M |
| CemVision climate | 1 round | $10.8M |
| Superlist SaaS B2B | 1 round, 1 led | $10.6M |
| getvoila FoodTech | 1 round, 1 led | $10M |
| Supernormal AI | 1 round | $10M |
| Supernova DevTools | 1 round | $9.2M |
| Dottxt AI | 1 round, 1 led | $8.7M |
| Flow Engineering DevTools | 1 round, 1 led | $8.5M |
| Single.Earth Climate | 1 round, 1 led | $7.9M |
| Vectary DevTools | 1 round, 1 led | $7.3M |
| Kive AI | 1 round | $7M |
| Pruna AI ai_ml | 1 round, 1 led | $6.5M |
| Biolevate healthtech | 1 round, 1 led | $6.3M |
| Strawberry AI | 1 round, 1 led | $6M |
| Kota InsurTech | 1 round, 1 led | $5.4M |
| wajve Fintech | 1 round, 1 led | $5.4M |