TLDR:
- redalpine closes its largest fund, RAC VII, at $200M
- The firm announces the opening of a new office in London
Leading European venture capital firm redalpine has recently closed its largest fund to date, redalpine capital VII (RAC VII), at $200M. The firm, founded in Zurich in 2006, has a strong track record of funding category leaders in software and science. As a result of its success and consistent top quartile returns, RAC VII closed oversubscribed despite challenges in the fundraising environment.
The fund has attracted a significant number of existing investors, including renowned family offices and leading institutional investors such as public pension funds and national banks. With over $1bn in assets under management across seven funds, redalpine is expanding its footprint with a new office in London to further support entrepreneurship and innovation in Europe.
The investment team at redalpine is composed of seasoned operators, former entrepreneurs, and scientists from various disciplines, which allows the firm to focus on technological breakthroughs with tenfold improvements over existing solutions. With a portfolio of over 100 companies, including unicorns like N26 and Taxfix, redalpine aims to empower game-changers and disrupt industries for the better.
The opening of the London office marks a significant step in redalpine’s growth journey, allowing the firm to support local startup ecosystems in the UK. The firm has already backed several UK-based companies and is committed to fostering innovation and development in deeptech and AI sectors.
Overall, redalpine’s successful closing of RAC VII and the expansion to London position the firm well to continue empowering visionary entrepreneurs, delivering outstanding returns for investors, and shaping a better world through technological innovation.
