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.

Targeted Investments

It will invest in European companies developing breakthrough technologies in areas such as clean energy, AI, quantum computing, advanced materials, robotics, and space tech.

Financial Support

A cornerstone of the fundraising so far is a €350 million commitment from the European Investment Fund (EIF), part of the EU’s attempt to strengthen local growth capital. Additional backing comes from other investors.

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