Kembara closes €750M first close to fuel growth of European deep tech startups
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TL;DR
Kembara Fund I, Europe's largest dedicated deep tech growth fund, has secured €750 million in its first close, targeting €1 billion. It will invest in European startups in clean energy, AI, quantum computing, and other breakthrough technologies.
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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…
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