What’s Scaleup Europe, the $5.7B fund that just backed satellite company ICEYE?

TechCrunch | 12.08.2026 00:41
Forget the European summer lull: startups can’t afford to stay still, and Brussels is following suit. In the middle of peak vacation time, the European Commission announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.