TechCrunch·4 min read·medium
What’s Scaleup Europe, the $5.7B fund that just backed satellite company ICEYE?
A
Anna Heim
✦AI Summary
The European Commission has launched the $5.7 billion Scaleup Europe Fund, managed by EQT, to provide growth-stage funding for EU-based startups. The fund's first investment is in Finnish satellite intelligence company ICEYE, aiming to bolster European tech sovereignty.
Forget the European summer lull: startups can’t afford to stay still, and Brussels is following suit. In the middle of peak vacation time, the European Commission announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.
businesstechnologyeconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in