Spain-based Mundi Ventures has successfully closed a €750 million first round for its Kembara Fund I, marking a significant milestone in supporting early-stage climate and deep tech startups in Europe. This fund, part of a broader effort to address the challenges faced by climate startups at the Series B stage, has the potential to reach a total of €1.25 billion. The fund’s focus on deep tech underscores a strategic move to bridge the gap in growth capital for European startups, particularly those emerging from university spinouts.
The Kembara Fund I is managed by a dedicated team within Mundi Ventures, with key offices in Madrid, London, Barcelona, and Paris. Notable figures like Javier Santiso, the founder of Mundi Ventures, and Yann de Vries, a co-founder and general partner of Kembara, have played pivotal roles in securing institutional backing for the fund. The addition of experienced VCs like Robert Trezona, Pierre Festal, and Siraj Khaliq further strengthens the fund’s ability to nurture startups with industrial synergies.
The fundraising success of Kembara highlights the increasing recognition of the importance of supporting European startups in the climate and deep tech sectors. This milestone signifies a significant infusion of capital into the ecosystem and reflects a growing momentum towards sustainable innovation and technological advancement in the region.
Source: TechCrunch