Kembara Closes €750M First Close to Fuel Growth of European Deep Tech Startups Europe’s largest dedicated deep tech growth fund, Kembara Fund I, has successfully closed its first fundraising tranche at €750 million, with a target of €1 billion. The fund will invest in European companies developing breakthrough technologies in sectors like clean energy, AI, and quantum computing, aiming to address the critical funding gap for scaling deep tech startups. Managed by Mundi Ventures, Kembara plans initial investments of €15 million to €40 million per company, with potential follow-on financing up to €100 million.

• Kembara Fund I, Europe’s largest dedicated deep tech growth fund, has closed its first tranche at €750 million, aiming for a €1 billion target.
• The fund will invest in European companies developing breakthrough technologies in areas like clean energy, AI, quantum computing, advanced materials, robotics, and space tech.
• A significant commitment of €350 million comes from the European Investment Fund, with additional backing from institutional investors.
• Launched in 2023 by Yann de Vries and Javier Santiso, the fund targets Series B and C stage rounds, a stage where deep tech startups often struggle to find capital.
• Kembara aims to bridge the gap in later-stage capital for European deep tech companies, enabling them to scale internationally and compete globally.
• Initial investments will range from €15 million to €40 million, with potential follow-on financing up to €100 million per company. Continue reading https://thenextweb.com/news/kembara-closes-e750m-first-close-to-fuel-growth-of-european-deep-tech-startups