EQT has held the final close of EQT Ventures III at €1 billion of fee-generating commitments, and €1.1 billion of total commitments, making it the largest European fund to date focused on investments in European and North American early-stage tech startups.
The fund, which includes participation from a wide range of European, North American and Asian institutional investors, foundations, and endowments will make investments of €1-50 million in founder-led startups using technology to try and solve some of the biggest challenges facing society.
The €1.1 billion close of EQT Ventures III follows the recent close of the EQT Growth fund, at €2.4 billion in total commitments.
Read more: Private Equity Wire
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