Key Takeaways
- Sector: Artificial Intelligence (AI), Technology Software & Gaming.
- Geography: France.
Analysis
Eurazeo has announced the first close of its Growth Fund IV (EGF IV) at €650 million, with the vehicle targeting a €1 billion final raise. The fund will invest in high-growth European technology companies, particularly those that are AI-native and ready to scale internationally.
Initial backing for the fund has come from major European institutional investors, underscoring strong appetite for exposure to next-generation digital platforms. Eurazeo has already begun deploying capital, with its early portfolio companies growing at over 50% annually.
EGF IV continues Eurazeo’s track record of supporting global tech success stories from Europe, such as Doctolib, Cognigy, Qonto, Dataiku, commercetools, and Neo4j. Across its growth strategy, Eurazeo now manages more than €4 billion in assets.
“This first closing of the Eurazeo Growth Fund IV is a defining milestone in our Growth strategy,” said Christophe Bavière and William Kadouch-Chassaing, Co-CEOs of Eurazeo. The firm also noted the uniqueness of its female-led investment team—still rare in the European tech investing landscape.
Hala Fadel, Managing Partner of the Growth team, emphasized the fund’s focus: “Our mission is to support founders scaling globally and reinventing business with artificial intelligence at the core.”
Eurazeo’s Growth team includes 17 investment professionals based in France, Germany, the UK, and Spain, supported by five operating partners with prior experience at Klarna, PayPal, and Datadog.
The firm believes that Europe’s deep technical talent—fueled by top-tier AI research centres and universities—creates a powerful foundation for scale. EGF IV aims to leverage a post-generative AI environment, where startups can grow faster and with fewer capital constraints.
This latest fundraise adds to a wave of recent growth-focused closings in Europe. Similar activity includes Partech’s €360M Growth Fund announced earlier this year, and Northzone’s €1 billion fund focusing on late-stage and AI-driven tech businesses across the continent.