Kembara Raises €750 Million for Europe's Deep Tech Revolution
The Kembara Fund I, managed by Mundi Ventures, has successfully closed its initial funding round at €750 million, establishing itself as Europe's largest private deep tech growth fund. The fund focuses on breakthrough European companies in fields like clean energy, artificial intelligence, and quantum computing, with plans to increase its total target to €1 billion.
Europe's Deep Tech Move: Kembara Fund Reaches €750 Million
A significant financial milestone is unfolding in Europe's deep tech ecosystem. The Kembara Fund I, managed by Spain-based investment firm Mundi Ventures, has successfully closed its initial funding round at €750 million. This figure positions the fund as Europe's largest private deep tech growth fund. The fund aims to invest in European companies developing breakthrough technologies, particularly in future-shaping fields such as clean energy, artificial intelligence, and quantum computing.
Fund Strategy and Target Sectors
The investment strategy of Kembara Fund I aims not only for financial returns but also to enhance Europe's technological independence and global competitiveness. The fund focuses on innovative companies classified as "deep tech"—those based on scientific and engineering foundations, requiring long-term R&D, and possessing high-impact potential. Priority sectors within this scope include:
- Clean Energy and Climate Technologies: Carbon capture, renewable energy storage, green hydrogen, and sustainable industrial solutions.
- Artificial Intelligence and Machine Learning: Advanced AI algorithms and infrastructure, particularly for industrial applications, healthcare, and scientific discovery.
- Quantum Computing and Technology: Quantum hardware, software, and applications of this technology in areas like security, drug discovery, and materials science.
- Biotechnology and Advanced Materials: Next-generation treatments, diagnostic methods, and materials with enhanced performance properties.
Following this initial €750 million closing, the fund is expected to increase its total target to €1 billion. This move signals a major commitment within the European venture capital market to deep technology. The capital injection is poised to accelerate innovation, support scaling operations, and solidify Europe's position in the global race for technological supremacy. The fund's backers include institutional investors, family offices, and corporate partners seeking both strategic impact and substantial returns from the continent's most promising scientific ventures.
