European AI ventures receive a billion euros in investment from financial firm Eurazeo
Paris-based financial investor Eurazeo has announced the first close of its Growth Fund IV (EGF IV) at €650 million, marking a significant step towards its goal of financing tech companies with a focus on artificial intelligence (AI) and global scalability. The fund aims to reach a final raise of €1 billion, thereby reinforcing Eurazeo Growth's assets under management to €4 billion.
EGF IV's investment strategies are centred around Europe's strong technical talent, research centres, and universities that lead in AI innovation. The fund recognises generative AI as a pivotal driver, reducing experimentation costs and capital requirements, thereby enabling the development of differentiated technologies. EGF IV aims to back Europe's most ambitious founders who can build global AI solutions quickly and cost-effectively.
The fund also builds on over a decade of experience investing in more than 30 global tech champions such as Doctolib, Cognigy, Dataiku, Neo4j, Qonto, and commercetools. EGF IV supports companies demonstrating strong growth momentum, with initial investments scaling at more than a 50% year-over-year revenue pace.
Eurazeo's Growth team operates across the UK, Germany, France, and Spain, with a distinctly local and long-term approach complemented by a global vision. This includes a significant presence in German-speaking Europe, enabling targeted investment in scalable tech ventures within this market and throughout Europe.
The fund prioritises companies led by visionary entrepreneurs seeking to globalise their business. Eurazeo places emphasis on fostering European digital sovereignty by empowering startups that contribute to technology independence and competitive strength in AI and other strategic sectors.
Led by Hala Fadel, Eurazeo Growth’s team includes 17 international investment professionals with deep industry knowledge and extensive relationships in the growth ecosystem. This team structure facilitates early engagement and thorough understanding of founders and their markets, enhancing the fund’s capacity to support scale-ups effectively.
In summary, Eurazeo Growth Fund IV focuses strategically on AI-driven and scalable technology companies in Europe, leveraging Europe’s deep technical prowess to foster digital sovereignty and back founders who can compete globally. The fund targets companies with strong growth trajectories, primarily across key European markets including German-speaking countries, with a long-term, locally anchored yet globally minded approach. The success of Eurazeo's Growth Fund IV will depend on its ability to attract more investors to reach its target fund size of €1 billion.
The funds invested by Eurazeo Growth's team, such as EGF IV, focus on financing technology companies with an emphasis on artificial intelligence (AI), utilizing Europe's strong technical talent and resources for innovation. EGF IV recognizes generative AI as a key driver, aiming to back Europe's most ambitious founders who can create global AI solutions efficiently and cost-effectively, with a focus on reducing experimental costs and capital requirements.
