EQT Ventures & Growth
Growth fund fucked up massively during 21-22 valuation bubble, decided to focus on more boring deals, then ended up doing Lovable, Harvey, and every other hype AI deal under the sun
Ventures fund raised $1bn and then just.. got distracted with random shit like climate and then somehow decided to cut a check into anything they could squeeze into (1X, Strawberry browser - seriously?)
They've sort-of combined both strategies but also not?
They moved a few people from Europe to US, and a handful of Associates in London were also pushed out / left recently.
They also seem to have other strategies within ventures & growth including life sciences, future fund etc.
And now they got a €5bn 'Scaleup fund' to throw around Europe
Wtf exactly is going on?
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