Synopsis
Novo Holdings is investing 500 million euros in the new Scaleup Europe Fund. This pan-European fund aims to support technology companies through growth and pre-IPO stages. It brings together European investors to strengthen innovation and retain strategic companies within Europe. First investments are expected from autumn 2026.Listen to this article in summarized format
The new launched fund is a pan-European growth fund, with a target size of 5 billion euros and a hard cap of 6-7 billion euros, focused on supporting companies through growth, late-stage growth and pre-IPO phases.
The fund will invest across three broad themes: digital and intelligent systems, physical systems, human and planetary health.
The fund brings together a group of European institutional and public founding investors, including the European Commission, Novo Holdings, EIFO (Export and Investment Fund of Denmark), CriteriaCaixa, Santander and Allianz, among others.
The fund will focus on growth and late-stage investments across Europe, with typical investment sizes of more than 100 million euros, including follow-ons, according to Novo Holdings.
The fund is currently finalizing legal documentation and operational set-up, with first investments expected from autumn 2026.
"The Scaleup Europe Fund brings together long-term capital and aligned investors to help strengthen Europe's ability to scale innovation and retain strategic technologies and companies within Europe," said Nigel Govett, CFO of Novo Holdings. ($1 = 0.8591 euros)
