Interview: Victor Englesson on the hunt for Europe's next $100 billion company
The Swede manages the new Scaleup Europe Fund. His mission is to prevent further European tech companies from moving to the USA. He explains the specific plan to Handelsblatt.
Victor Englesson, formerly responsible for telecommunications investments at Swedish financial investor EQT, is now co-head of the Scaleup Europe Fund, which is managed by EQT and backed by the European Commission. The fund has 5 billion euros to support successful European start-ups, with the aim of helping them grow and preventing them from moving to the US due to a lack of available capital.
Englesson hopes that this fund is just the beginning, as he estimates that the investment gap in Europe is 700 billion euros, according to economist Mario Draghi. He has ambitious plans for the fund to play a key role in the start-up sector and aims to see the first European tech company valued at 1 trillion euros in the near future.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
