# AI funding rounds led by Scaleup Europe Fund

Lead investor · Presspool · https://presspool.ai/investors/scaleup-europe-fund

Scaleup Europe Fund led or co-led 2 funding rounds at 2 AI companies on Presspool's record, announced between August 12, 2026 and October 21, 2026. The most recent: Pigment and Lovable.

| Company | Amount | Round | Announced | Co-leads |
| --- | --- | --- | --- | --- |
| [Pigment](https://presspool.ai/companies/pigment-com) | $250 million | Series E | October 21, 2026 | None named |
| [Lovable](https://presspool.ai/companies/lovable-dev) | $400M | Series C | August 12, 2026 | [Menlo Ventures](https://presspool.ai/investors/menlo-ventures) |

## Rounds by year

| Year | Rounds led | Led rounds announced in dollars | Round types led |
| --- | --- | --- | --- |
| 2026 | 2 | $650 million across 2 rounds | Series E, Series C |

## Maps its companies are on

- On the [AI coding map](https://presspool.ai/niches/ai-coding) in the weekly sample of October 19, 2026: [Lovable](https://presspool.ai/companies/lovable-dev), named or cited in 12 of 53 answers.

## Co-investors

Investors named with Scaleup Europe Fund on the rounds above: ICONIQ, IVP and [Menlo Ventures](https://presspool.ai/investors/menlo-ventures).

## Each round and its sources

### 1. Pigment: $250 million Series E

$2.3 billion valuation; Scaleup Europe Fund is managed by EQT; participation from WIL (World Innovation Lab) and existing investors Greenoaks, ICONIQ, IVP and Meritech, plus a planned investment from NVIDIA.

- Announced: October 21, 2026
- Company record: [Pigment on Presspool](https://presspool.ai/companies/pigment-com)
- Listed in the [AI startup funding roster for October 18–24, 2026](https://presspool.ai/ai-startup-funding/week-of-2026-10-19)
- Sources: [Pigment](https://www.pigment.com/newsroom/pigment-raises-250m-series-e), [Tech.eu](https://tech.eu/2026/10/21/scaleup-europe-fund-leads-ps250m-funding-round-in-pigment/)

### 2. Lovable: $400M Series C

- Announced: August 12, 2026
- Company record: [Lovable on Presspool](https://presspool.ai/companies/lovable-dev)
- Sources: [techcrunch.com](https://techcrunch.com/2026/08/12/lovable-confirms-new-13-3b-valuation-raises-another-400m/)

## What this page covers

Presspool records the lead investors of each round, as the company's announcement or the confirming outlets name them, and the other investors the round's entry names. This page lists the rounds this investor led on Presspool's record: every weekly AI startup funding roster, and the latest round of each company on a niche map. A round it joined without leading is listed when the round's entry names it, matched only to firms the record names as some round's lead. It is not the investor's full portfolio: rounds its sources did not name it in are not listed.

All lead investors: [Investors](https://presspool.ai/investors)

---

Presspool is a sourced record of AI startup funding. Rounds are listed because they were publicly announced, and no company pays to be listed.

Published by [Jaxon Parrott](https://jaxonparrott.com). Jaxon Parrott coined [Machine Relations](https://machinerelations.ai) in 2024. [AuthorityTech](https://authoritytech.io), which he founded in 2018, is the first Machine Relations agency.

More: [Tracker](https://presspool.ai/) · [Funding](https://presspool.ai/ai-startup-funding) · [Niches](https://presspool.ai/niches) · [Investors](https://presspool.ai/investors) · [Method](https://presspool.ai/method) · [About](https://presspool.ai/about) · [Contact](https://presspool.ai/contact) · [llms.txt](https://presspool.ai/llms.txt)