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Former Atomico and Softbank VC Carolina Brochado has joined EQT to help build its new growth fund

Former Atomico and Softbank VC Carolina Brochado has joined EQT to help build its new growth fund

Carolina Brochado, the previous Atomico accomplice and most lately a accomplice at Softbank Vision Fund’s London workplace, has joined EQT as a part of its plans to launch a brand new fund devoted to growth-stage investments, TechCrunch as discovered.

According to a number of sources, Brochado is a part of a brand new development fund group at EQT that can sit between its current earlier-stage EQT Ventures and the extra majority ownership-oriented EQT non-public fairness. She’s presently considered out recruiting extra members of EQT Growth.

Confirming Brochado’s appointment, Lucy Wimmer, Communications Partner at EQT Ventures, gave TechCrunch the next assertion:

“Carolina Brochado has joined EQT to work on the technique and preparation of its Growth initiative, which is positioned between Ventures and Private Equity. We’re thrilled to welcome Carolina to the EQT group – based mostly within the London workplace – and her background throughout a number of funding disciplines, together with non-public fairness, enterprise capital and development, shall be invaluable as we develop the Growth initiative”.

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Meanwhile, the recruitment of Brochado by EQT is kind of a coup, after issues didn’t fully pan out throughout her comparatively brief stint at Softbank (studying between the strains and given current occasions, Softbank Vision Fund most likely isn’t for everybody, to place it diplomatically). Well revered inside the European ecosystem and past, and regarded extremely by founders she’s invested in, Brochado led investments in numerous promising firms at Atomico, together with logistics firm OnTruck, healthtech firm Hinge Health, and restaurant provide chain app Rekki. At Softbank, she backed gymnasium entry firm Gympass and information evaluation and cybersecurity firm Behavox.

Brochado first got here to prominence within the European startup ecosystem when she was made a accomplice at Atomico in 2016 however had truly been related to the agency for six years, having first interned at Atomico in 2012 whereas learning for her MBA at Columbia. She then re-joined the VC agency as precept in 2014 after a stint as COO at now defunct London e-commerce startup ThePresent.Co. Prior to that she had frolicked within the U.S. in company finance and personal fairness.

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In late 2018, Brochado was poached by Softbank, information that TechCrunch broke. Based in Vision Fund’s London workplace, she targeted on development investments inside fintech, digital well being and market startups. Things seemed to be figuring out, seeing Brochado promoted to accomplice, earlier than reportedly resigning in April this yr.

Founding accomplice Hjalmar Winbladh is leaving EQT Ventures

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