Today, the Commission brought together top-tier private investors from across Europe to jointly express their intention to establish the Scaleup Europe Fund – a new, multi-billion fund to invest in the most promising European companies in strategic deep tech areas.

By joining forces with these potential founding investors, the Commission moves ahead on the EU Startup and Scaleup Strategy aimed at building a dynamic and competitive startup and scaleup ecosystem across Europe.

The Scaleup Europe Fund responds to the urgent need for Europe to boost investments in scaleups and close the gap with global leaders. As highlighted in the Draghi report, the continent's ability to scale innovative companies is crucial to its competitiveness. So far, despite a strong startup pipeline, limited access to late-stage growth capital and fragmented investment markets have hindered European innovators' ability to grow into global leaders.