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EQT Ventures

Stockholm, Sweden Founded 2016 eqtventures.com

  • Seed
  • Early stage
  • Growth
  • climate
  • fintech
  • software
  • deep tech

EQT Ventures’s latest fund is EQT Ventures III: $1.1B, 2022, #48 of 427 firms by latest fund.

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Latest fund$1.1B2022
Rank by latest fund#48of 427 firms
Assets under managementNot reported
Funds with reported performance2From public LP disclosures

Overview

Venture arm of EQT Group. Total commitments across EQT Ventures funds €2.3B as of Fund III close. No newer flagship fund found.

Funds

FundClosedSizeSource
EQT Ventures III2022$1.1B€1.1Beqtgroup.com

LPs on the record

1 LP reports holding EQT Ventures’s funds.

Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Track record

A score of 53 out of 100 from the 2 funds public LPs report, 1 of them in the top half of their vintage. Its ranked funds’ median TVPI is 1.35x. Pooled where reports give cash flows: 1.36x TVPI, 0.11x DPI. That ranks it 58th of 123 managers with a score.

Each fund once, as the latest of one LP’s reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

FundVintageNet IRRVersus vintage (IRR)TVPIDPIReported by
EQT Ventures III202220.6%Top quartile #5 of 22 2022 funds · median 15.2%1.40x—Orange County Employees Retirement System (OCERS)
EQT Ventures II20196.7%Third quartile #12 of 16 2019 funds · median 9.2%1.30x—Orange County Employees Retirement System (OCERS)

Orange County Employees Retirement System (OCERS): OCERS Private Equity Portfolio Summary, as of December 31, 2025. "Net IRR" and "TVPI" as printed in the "Portfolio Summary by Status" of the quarterly OCERS - Private Equity Portfolio Report that OCERS posts on its website (the report's legend names Aksia LLC as its source). The report gives every amount in $ millions to one decimal; they are converted to whole dollars here, so each is rounded to the nearest $100,000: Total Commitment, Contributions and Distributions. Total value = Distributions + NAV is computed; DPI is left blank because amounts rounded to $0.1 million do not give a reliable ratio for small funds. Vintage is the report's "Vintage Year". The report marks the IRR of investments held less than 24 months "n.m." (not meaningful); 64 funds have no IRR (n.m., or "-" for commitments with nothing contributed yet) and 17 have no TVPI, all shown as blank. 12 funds' values are marked by the report as adjusted for contributions and distributions since the last valuation, which is before the report date. All 237 funds in the report are included: 211 active and 26 liquidated (no remaining NAV), adding up to the report's printed totals of $6.90 billion committed, $5.09 billion contributed and $5.39 billion NAV. OCERS's private equity portfolio as it reports it includes funds of funds, secondaries, co-investments and a few private credit funds; its separate Real Assets and Real Estate summaries are not imported. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. eqtgroup.com/news/eqt-ventures-iii-closes-europes-largest…

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