"Europe's largest dedicated deep tech growth fund has taken a major step forward after closing the first tranche of its fundraising effort at €750 million. The fund, known as Kembara Fund I and managed by Spain-based Mundi Ventures, is aiming for a €1 billion target. It will invest in European companies developing breakthrough technologies in areas such as clean energy, AI, quantum computing, advanced materials, robotics, and space tech."
"A cornerstone of the fundraising so far is a €350 million commitment from the European Investment Fund, part of the EU's attempt to strengthen local growth capital. Additional backing comes from tier-one institutional investors from across Europe. Kembara was launched in 2023 by Yann de Vries and Javier Santiso, who now lead the fund's team alongside experienced investors in climate and deep technology."
"The leadership team also includes climate tech investor Robert Trezona, deep tech expert Pierre Festal, and former Atomico partner Siraj Khaliq as a strategic advisor. Their combined experience in scaling technology ventures was central to attracting large institutional commitments. The fund's strategy targets Series B and C stage rounds, typically a difficult funding stage for deep tech startups in Europe."
Kembara Fund I closed a first tranche of €750 million toward a €1 billion target to provide growth capital for European deep tech companies. The fund will invest across clean energy, AI, quantum computing, advanced materials, robotics and space technologies. The European Investment Fund committed €350 million and additional tier-one institutional investors have backed the fund. Leadership includes Yann de Vries, Javier Santiso, Robert Trezona, Pierre Festal and Siraj Khaliq, bringing experience in scaling technology ventures. The strategy targets Series B and C rounds with initial checks of €15–40 million and follow-on capacity up to €100 million per company. The fund seeks startups ready to scale manufacturing and expand internationally.
Read at TNW | Deep-Tech
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