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The Venture Codex

EQT Ventures

Regeringsgatan 25, Stockholm, Stockholms län, 111 53, Sweden

Overview

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than just capital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

Total investments
205
Lead investments
119
Investments · 12mo
15
Active investors
6

Sector focus

  • Finance
  • FinTech
  • Impact Investing
  • Venture Capital
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Investment portfolio

  • Syntetica

    Participated · Series A · Jul 2026

    Syntetica has developed a novel approach to recycling two hard-to-separate nylons—Nylon 6 and Nylon 6,6—into pellets that can be used by manufacturers to make yarn. The company was co-founded by CEO Marco Bertone and chemistry researcher Louis Monsigny and has built early industrial partnerships, including with Michelin’s Centre for Sustainable Materials and apparel makers such as Lululemon, Victoria’s Secret and Etam. Syntetica does not produce finished textiles itself; instead it supplies recycled pellets to downstream manufacturers like MAS Holdings. The startup has received public backing from Bpifrance’s Ecotechnologies 2 fund and support from the European Innovation Council alongside private investors including EQT Ventures and SWEN Capital Partners. With its Series A funding, Syntetica aims to demonstrate production at the scale of hundreds of tons per year and then expand by building facilities near waste sources and textile production hubs. The team has added technical leadership and industry advisors to support scaling and commercialization.

  • Ineffable Intelligence

    Participated · Seed · Apr 2026

    Ineffable Intelligence is a startup that was the subject of media coverage after announcing a $1.1 billion Seed round at a $5.1 billion valuation. The raise was characterized as historic in size for a seed-stage financing. Public reporting did not describe the company's products, services, or core technology. The articles also did not provide operating metrics such as revenue or user counts. No information about the company's founding year, location, or future plans was included in the coverage.

  • Starcloud (Lumen Orbit)

    Led · Series A · Mar 2026

    Starcloud is building a network of data centers in space, starting at kilowatts and scaling to gigawatt capacity. Falling launch costs allow us to take advantage of the abundant energy, radiative cooling techniques, and ability to rapidly scale in space. Join our team, push the boundaries of the space economy, and be part of this pioneering effort to redefine the future of energy.

  • Candela

    Participated · Equity · Mar 2026

    Candela builds electric hydrofoiling vessels, including its flagship P-12 ferry, which the company says consumes up to 80% less energy than conventional ferries and offers faster travel times due to hydrofoiling. The company highlights significantly lower operating costs and reduced maintenance requirements because of fewer moving parts, along with near-silent operation and minimal wake. Candela reported 65 vessels on order from customers across Europe, North America, and other regions, demonstrating growing commercial traction. Following the recent €30 million funding round, the company plans to scale manufacturing capacity, strengthen its supply chain, expand into new international markets, and broaden partnerships with operators and municipalities. Candela is also focused on continued refinement and commercialization of its hydrofoiling technology to accelerate adoption of electric maritime transport.

  • Qevlar AI

    Participated · Equity · Mar 2026

    Qevlar AI provides an agentic AI SOC platform that autonomously enriches, correlates, and investigates security signals, enabling security teams to shift from reactive alert triage to proactive posture improvement. The software automates data enrichment, pattern recognition, and reporting, giving analysts the time to focus on higher-value tasks such as threat hunting and remediation. Customers including Mercedes-Benz, Sodexo, Orange Cyberdefense, ECI, and Atos report a 10× reduction in investigation time—down to three minutes—while achieving 100 % alert coverage and round-the-clock investigations with no quality loss. With the new capital, the company plans to turn the investigative output into actionable insights that identify root causes and reduce future alert volumes. Founded in 2023 and operating out of Paris and New York, Qevlar AI has quickly built a global footprint among Fortune 500 enterprises and leading MSSPs. The latest $30 million raise underscores strong investor confidence and will fund the evolution from automated investigations to a full end-to-end AI SOC insights platform.

Team