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

Steve O'Hear

Carolina Brochado, the former Atomico partner and most recently a partner at SoftBank Vision Fund's London office, has joined EQT to help launch a new fund dedicated to growth-stage investments, TechCrunch has learned.

According to multiple sources, Brochado is part of a new growth fund team at EQT that will sit between its existing earlier-stage EQT Ventures and the more majority ownership-oriented EQT Private Equity. She's currently thought to be out recruiting additional members of EQT Growth.

Confirming Brochado's appointment, Lucy Wimmer, communications partner at EQT Ventures, gave TechCrunch the following statement:

Carolina Brochado has joined EQT to work on the strategy and preparation of its Growth initiative, which is positioned between Ventures and Private Equity. We’re thrilled to welcome Carolina to the EQT team - based in the London office - and her background across several investment disciplines, including private equity, venture capital and growth, will be invaluable as we develop the Growth initiative.

Meanwhile, the recruitment of Brochado by EQT is quite a coup, after things didn't entirely pan out during her relatively short stint at SoftBank (reading between the lines and given recent events, SoftBank Vision Fund probably isn't for everyone, to put it diplomatically). Well-respected within the European ecosystem and beyond, and regarded highly by founders she has invested in, Brochado led investments in a number of promising companies at Atomico, including logistics company OnTruck, health tech company Hinge Health and restaurant supply chain app Rekki. At SoftBank, she backed gym access company Gympass and data analysis and cybersecurity company Behavox.

Brochado first came to prominence in the European startup ecosystem when she was made a partner at Atomico in 2016, although she had been associated with the firm for six years, having first interned at Atomico in 2012 while studying for her MBA at Columbia. She then re-joined the VC firm as principle in 2014 after a stint as COO at now defunct London e-commerce startup ThePresent.Co. Prior to that she spent time in the U.S. in corporate finance and private equity.

In late 2018, Brochado was poached by SoftBank, news that TechCrunch broke. Based in Vision Fund's London office, she focused on growth investments within fintech, digital health and marketplace startups. Things appeared to be working out, seeing Brochado promoted to partner, before reportedly resigning in April this year.

More From

  • Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt's next act

    Nearly eight years ago, Hamet Watt and Stacy Spikes launched MoviePass, the subscription-based movie ticketing service that captured the minds and dollars of investors and brought thousands of cinephiles a too-good-to-be-true deal for all-you-can watch movie passes. Watt, who came to MoviePass as an entrepreneur in residence at True Ventures, previously founded the brand and product placement startup NextMedium and also spent time as a board partner at Upfront Ventures. Now, the serial entrepreneur and startup investor is combining his two career paths under the auspices of Share Ventures.

  • How I accidentally gatecrashed a startup's morning meeting

    The company had hardcoded their Zoom meeting rooms to a number of subdomains on their company's website. This was a company that connected an entirely unprotected Zoom meeting room to a conveniently memorable web address, likely for convenience, but one that could have left lurkers and eavesdroppers in the company's meetings.

  • Daily Crunch: Trump bans transactions with ByteDance and Tencent

    Trump escalates his campaign against Chinese tech companies, Facebook extends work from home until the middle of 2021 and Netflix adds support for Hindi. This comes after Trump had already said that he was banning TikTok unless the app is sold to an American owner.

  • Extra Crunch members get 20% off an annual Canva Pro plan

    Extra Crunch is excited to announce an update to our Partner Perk from design and publishing platform Canva. Starting today, annual and two-year members of Extra Crunch can receive 20% off an annual Canva Pro plan. You must be new to Canva to claim this offer, and reside in the U.S., Canada or U.K.