Two German companies are investing in the EU’s new growth fund, Scaleup Europe. The insurance and asset‑management group Allianz and the Schwarz Group are the partners announced by the European Commission. The fund is designed to enable European tech start‑ups to raise financing rounds of more than €100 million, a size that currently exceeds the EU’s standard limit of €30 million.
According to the Handelsblatt (Wednesday edition), Allianz stated that its participation aims to clear the existing investment bottleneck and reduce strategic dependencies in Europe, although the exact amount it will commit remains undisclosed. A Schwarz spokesperson confirmed the group’s willingness to invest, saying the company has expressed a general interest in participating in the EU Scaleup Fund.
Scaleup Europe represents the EU’s first direct stake in start‑ups. Its goal is to improve the financial landscape for companies in the growth phase, especially when they require larger sums. The fund’s total volume is planned to be at least €5 billion.