EQT Ventures

Quick read

EQT Ventures is a multi-stage VC fund founded in 2015, legally domiciled in Luxembourg with investment advisors based in Stockholm, London, Berlin, Paris, Amsterdam, and New York. It has raised three funds totalling over €2.3 billion — Fund III closed at €1.1 billion in 2022, making it Europe's largest early-stage tech VC fund at the time. The team backs tech founders from seed through growth, supported by Motherbrain, an in-house AI platform that has driven over $100 million in portfolio investments.

Key facts

Founded

October 2015

Employees

44

Sectors

generalist, ai

Website

eqtgroup.com/private-capital/eqt-ventures

Investment thesis

EQT Ventures backs early- to growth-stage tech founders building category-defining global companies, writing €2–75M checks primarily in Europe. The team uses Motherbrain, its proprietary AI sourcing platform, to identify opportunities early, and deploys operational experts — drawn from Booking.com, Spotify, King, and others — to help founders scale.

Recent activity

• May 2025investment
  EQT Ventures participated in Einride's SEK 500 million funding round alongside Capital Group. tracxn.com
• May 2025investment
  EQT Ventures backed MarvelX in a $6M funding round. tracxn.com
• Apr 2025investment
  EQT Ventures joined Marvel Fusion's additional €50M raise alongside Siemens Energy and the European Commission. tracxn.com
• Jan 2026investment
  EQT Growth led a Series D round valuing hotel-tech platform Mews at $2.5 billion, with participation from Atomico and HarbourVest. zoominfo.com
• 2024press
  EQT Ventures Partner Doreen Huber featured in Startup Insider's German 'Investoren-Report 2024', discussing founder fundraising strategy. linkedin.com
• 2024investment
  EQT Ventures led Hume AI's $50M Series B, backing the empathic conversational AI startup alongside Union Square Ventures and angels Nat Friedman and Daniel Gross. uk.linkedin.com
• 2022fundraise
  EQT Ventures closed Fund III at €1.1 billion — Europe's largest VC fund committed to early-stage tech at the time — investing €2–50M tickets. lk.linkedin.com
• 2023investment
  EQT Ventures led Qevlar AI's funding round, backing the AI-powered cybersecurity startup. linkedin.com

Notable investments

• Hume AISeries B2024uk.linkedin.com
• EinrideGrowthMay 2025tracxn.com
• MarvelXSeedMay 2025tracxn.com
• Marvel FusionGrowthApr 2025tracxn.com
• MewsSeries DJan 2026zoominfo.com
• Qevlar AISeed2023linkedin.com
• evrocPre-Seed2023sg.linkedin.com
• VectornatorSeries A2021lt.linkedin.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Ted Persson · Partner
  LinkedIn
• Carl Svantesson · Partner
• Doreen Huber · Partner
• Kaushik Subramanian · Partner
  LinkedIn
• Carolina Brochado · Head of EQT Ventures
  LinkedIn
• Ashley Lundström · Partner
• Sandra Malmberg · Partner
• Hjalmar Winbladh · Founding Partner
• Andreas Thorstensson · Operating Partner

Sources

• EQT Ventures – EQT Group
• EQT Ventures – Crunchbase
• EQT Ventures – Tracxn
• EQT Ventures – LinkedIn
• Lars Jörnow – Fund III announcement
• EQT Ventures – evroc investment

Other VCs in Sweden

• Creandum · Early-stage VC, Stockholm·
• Northzone · Multi-stage VC, Stockholm + London·
• Industrifonden · Multi-stage VC, Stockholm·
• Luminar Ventures · Seed VC, Stockholm·
• Schibsted Ventures · CVC, Stockholm

Explore VCs by sector

• Generalist in Sweden
• AI in Sweden

Globally

• Generalist worldwide
• AI worldwide

Frequently asked