TLDR:
- Redalpine raises $200 million for its seventh European investment fund
- The fund will focus on seed and early-stage technology businesses across Europe in areas such as nuclear fusion, gene editing, advanced materials science, and AI
Swiss-based venture capital firm Redalpine has announced the successful raising of $200 million for its seventh European investment fund, bringing its total assets under management to over $1 billion for the first time. The fund, Redalpine Capital VII (RAC VII), will be dedicated to investing in seed and early-stage technology businesses from across Europe, with a particular focus on disruptive technologies such as nuclear fusion, gene editing, advanced materials science, and artificial intelligence (AI).
Founded in 2006, Redalpine describes its approach as ’empowering game changers’ and is interested in businesses on the cutting edge of new technologies that have the potential to be highly disruptive. The fund has already made investments in nine companies, including Proxima Fusion in Germany, LegalFly in Belgium, and Expression Edits in the UK. These companies are utilizing a combination of cutting-edge technologies to advance their respective fields and achieve their goals.
Redalpine screens as many as 5,000 early-stage businesses each year to identify potential investment opportunities, with a focus on understanding the technology and market potential of each business. With an average annual return of 24% over the past 10 years, the firm’s track record has been strong. Redalpine’s expansion into London reflects its commitment to identifying and supporting emerging opportunities in the tech and AI sectors, with a belief that the current market environment provides favorable conditions for new investments.
The fund, backed by investors such as pension funds, family offices, and funds of funds, aims to announce new additions to its portfolio in the coming months. Redalpine’s focus on supporting startups from seed to Series D and its emphasis on understanding both the technology and the people behind the businesses have contributed to its success as a venture capital firm in the European technology sector.
