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# EU's EUR 5 billion Scaleup Europe Fund in talks to back ElevenLabs' USD 500 million round
- URL: https://sovereigntymonitor.eu/news/2026-09-17-eu-scaleup-fund-elevenlabs-talks/
- Published: 2026-09-17T12:00:00.000Z
- Updated: 2026-09-18T13:56:49.000Z
- Description: The EU backed EUR 5 billion Scaleup Europe Fund, run by EQT with EUR 1 billion from the European Commission, is in talks to join ElevenLabs' round targeting over USD 500 million, Bloomberg reports.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, #news, #reported, #ai-drafted

Reported AI-drafted [Bloomberg, 17 September 2026](https://www.bloomberg.com/news/articles/2026-09-17/europe-tech-fund-said-in-talks-to-back-ai-startup-elevenlabs?ref=sovereigntymonitor.eu)

**What it does not test.** This does not establish that a deal has been struck, its size, or ElevenLabs' resulting valuation.

**How this item counts.** No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0\. Only talks reported, no deal, size or ownership stake established. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)