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EQT Ventures

EQT Ventures

Venture Capital

EQT Ventures is an early-stage lead venture capital fund built by founders and operators, investing out of its third fund and offering support to entrepreneurs across multiple international locations.

Portfolio

11

companies

AUM

£1100M

under management


Portfolio companies

C

Camion

Camion provides an intelligence and analytics platform for real estate electrification and EV charging infrastructure.

G

Griffin

Griffin provides full-stack Banking as a Service infrastructure for financial technology companies.

Volt

Volt

Volt builds the global infrastructure for real-time payments.

Cleo

Cleo

Cleo provides an AI powered digital assistant that helps young people manage their money.

Nothing

Nothing

Nothing designs and builds consumer technology products to connect people and devices.

Permutive

Permutive

Permutive builds privacy first infrastructure for programmatic advertising.

Beamery

Beamery

Beamery provides an AI powered talent platform that helps enterprises manage and deploy workforce skills.

Unmind

Unmind

Unmind provides a digital workplace mental health platform for global organisations.

T

Token

Token provides an open banking payments platform connecting financial institutions across Europe.

Peanut

Peanut

Peanut operates a social network connecting women across different life stages.

C

Cytora

Cytora develops artificial intelligence software for commercial insurance underwriting.


Team

Lyle Fong

Lyle Fong

Partner

LinkedIn
Naza Metghalchi

Naza Metghalchi

Naza brings investment experience from roles at Heartcore Capital and EQT Ventures.

LinkedIn
AM

Ali Mitchell

Partner and investment advisor

Ali brings operating and venture capital experience, having previously cofounded Huddle and invested at Singular Ventures and EQT Ventures.

TM

Tom Mendoza

Partner

AM

Alastair Mitchell

Partner

Alastair is a partner at EQT Ventures and a former founder and partner at Singular Ventures. He previously served as CEO and co-founder of Huddle.com.

TP

Ted Persson

Partner

SM

Sandra Malmberg

Partner


Recent investments

Pre-Seed
£2.3M

The pre-seed funding round was led by EQT Ventures with participation from Firstlook Ventures, RitMir Ventures, and Chris Adelsbach.

"The structural shift toward electrification is a huge opportunity for those who act swiftly to understand and deploy electric vehicle charging infrastructure where it is needed. As energy demand and generation become more distributed, electrified real estate will become the next great asset class in the $50 trillion global commercial real estate market. Camion exists to supercharge this once-in-a-century transition through a blend of machine learning, big data, and extensive industry insights."
— Jacob Monroe, Founder and CEO
Series A
£19.0M

The funding follows regulatory approval for the Banking as a Service platform to exit mobilisation.

"This pivotal moment is only possible because of the support of our investors, the guidance from our regulators and the commitment of our people. A big thank you to all our existing investors and a warm welcome to all our new investors. We look forward to working with all our investors in this exciting new chapter for Griffin"
— John Weguelin, Board Chair
Series B
£47.0M

The Series B round was led by IVP to support expansion into APAC and the Americas.

"Testament to our progress and our vision for real-time payments everywhere, we’re thrilled to be working with our new partners at IVP, joining their portfolio of leading global brands. We’re staying focused, and humble, as we embark on this next chapter."
— Tom Greenwood, CEO
Seed
£12.5M

The investment round was led by Notion Capital with backing from EQT Ventures and various industry angels.

"We’re thrilled to be working with Notion Capital and to have someone of Stephen’s calibre join our board. His experience fits perfectly with our vision to blend the worlds of banking and technology in one powerful platform,"
— David Jarvis, CEO
Series C
£67.1M

The Series C financing was led by Sofina with participation from EQT Ventures and Balderton Capital.

"The vast majority of Gen Zers in the US are living from paycheque to paycheque. It’s harder than ever for them to get ahead – particularly as the price of everything continues to increase – and yet this audience continues to be neglected, or worse, exploited, by the traditional financial services industry."
— Barnaby Hussey-Yeo, Founder and CEO
Series C
£54.8M

The round was led by SoftBank Vision Fund 2 with participation from existing investors to scale on-device technology.

"Publishers are the foundation of the web, and the relationship they have with their users is the backbone of digital advertising,"
— Joe Root, CEO and co-founder
Series C
£97.6M

The London talent platform secured Series C backing from Ontario Teachers and Accenture Ventures to accelerate global expansion.

"Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology."
— Abakar Saidov, CEO
Series A
£16.8M

EQT Ventures led the financing round alongside participation from Augmentum Fintech and Fuel Ventures.

"Instant payments are set to dominate the global payments landscape and will become the new normal. It’s an exciting time to be in payments, and we are delighted to have secured such a significant funding round, and the backing of an influential group of investors. We look forward to working with our new partners at EQT Ventures as we build out our global vision."
— Tom Greenwood, CEO
Series B
£33.2M

EQT Ventures led the Series B round, which will fund team expansion and product development.

"Unmind was built on the belief that everyone has the right to a healthy mind. Thanks to the support from our investors, this round of funding gives us the opportunity to scale our team while further developing the product with clinically-backed insights and research. In turn, this will help us to meet growing global demand from employers looking to drive positive cultural change around mental health in the workplace. At Unmind, we see the future of mental healthcare rooted in prevention. After all, we all have mental health, all of the time, and just like physical health or dental health, there’s a range of ways we can proactively nurture and improve it."
— Nick Taylor, Clinical Psychologist, Co-founder and CEO
Series B
£14.0M

The publisher-focused data platform has secured £14m from Octopus Ventures and EQT Ventures to drive North American expansion and research.

"We’re really excited to announce this new milestone, which will help us to continue the momentum of helping publishers to understand and monetize their audiences. It’s our mission to reset advertising and to protect privacy while making data useful, and this funding will help us towards working for this goal."
— Joe Root, CEO and co-founder
Series A
£9.7M

EQT Ventures led the Series A round to help fund expansion into new communities such as menopause support.

"Lyle's unprecedented experience of building and scaling community-focused products will be vital as we undertake our next stage of growth in raising the bar in terms of product excellence as we enter new communities beyond fertility and motherhood"
— Michelle Kennedy, CEO