"After securing a €350 million commitment from the European Investment Fund under the European Tech Champions Initiative in 2024, Mundii Ventures has just completed a €750 million first close for Kembara, its fifth fund and largest to date. Regulatory filing from Spain reveals that the fund - focused on deep tech - could even stretch its final closing to €1.25 billion."
"Kembara is managed by a specialist team within Mundi Ventures, with offices in Madrid, London, Barcelona and Paris. Mundi Ventures founder Javier Santiso is now also a co-founder and GP of the Kembara fund, which has now disclosed the full list of its senior partners. Alongside de Vries and Santiso, climate tech VC Robert Trezona and deep tech VC Pierre Festal have also joined as general partners, and former Atomico partner Siraj Khaliq as senior strategic advisor."
Europe channels significant early-stage capital into climate startups but faces a Series B funding gap that causes many failures. New growth-stage funds aim to bridge this funding cliff, with Spain-based Mundi Ventures raising Kembara Fund I to provide later-stage deep-tech capital. Kembara secured a €350m EIF commitment and completed a €750m first close, with potential to reach €1.25bn. The fund is run by a specialist team across Madrid, London, Barcelona and Paris, with senior partners including Javier Santiso, Yann de Vries, Robert Trezona, Pierre Festal and advisor Siraj Khaliq. de Vries brings operational experience after joining Lilium, which ceased operations in 2024 following a public SPAC exit.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]