The landmark €5b Scale Up fund will be the largest in the region and a significant win for the selected firm. EU startups commissioner Ekaterina Zaharieva said the open call for a fund manager would begin at the end of November, with the aim of appointing the chosen partner the following month.
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EU seeks investor to steer €5b Scale Up fund
“This will be a purely private and market-driven fund,” said Zaharieva. “We are not going to intervene in the decisions of the fund.”
