--- title: Kembara Fund I Secures €750M to Boost European Deep Tech... description: Mundi Ventures has raised €750 million for Kembara Fund I, Europe's largest dedicated deep tech growth fund, targeting Series B and C stage startups. The fund,... canonical: https://daily.dev/posts/kembara-fund-i-secures-750m-to-boost-european-deep-tech-and-climate-startups-uhzgxjznm twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Kembara Fund I Secures €750M to Boost European Deep Tech and Climate Startups | daily.dev og:description: Mundi Ventures has raised €750 million for Kembara Fund I, Europe's largest dedicated deep tech growth fund, targeting Series B and C stage startups. The fund,... og:url: https://daily.dev/posts/kembara-fund-i-secures-750m-to-boost-european-deep-tech-and-climate-startups-uhzgxjznm og:image: https://api.daily.dev/og/posts/uhzGXjzNm.png og:image:alt: Kembara Fund I Secures €750M to Boost European Deep Tech and Climate Startups og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Kembara Fund I Secures €750M to Boost European Deep Tech and Climate Startups **[Collections](https://daily.dev/sources/collections)** · 2 min read · 0 upvotes · 0 comments ## Summary Mundi Ventures has raised €750 million for Kembara Fund I, Europe's largest dedicated deep tech growth fund, targeting Series B and C stage startups. The fund, backed by the European Investment Fund with €350 million and sovereign wealth funds, aims to reach €1 billion total. It will invest €15-40 million initially with potential follow-ons up to €100 million per company, focusing on clean energy, AI, quantum computing, advanced materials, robotics, and space technology to address the Series B funding gap in European deep tech and climate startups. ## Content Mundi Ventures has successfully secured €750 million for Kembara Fund I, setting its sights on a €1 billion target to close the Series B funding gap for deep tech and climate startups across Europe. This initial close marks Kembara as the largest dedicated deep tech growth fund in Europe, targeting Series B and C stage startups. The fund, managed by Mundi Ventures, benefits from significant backing, including a €350 million commitment from the European Investment Fund and additional support from sovereign wealth funds. It aims to write initial checks ranging from €15 to €40 million, with the potential for follow-on investments reaching up to €100 million per company. Kembara Fund I, led by experienced venture capitalists, including former partners from Atomico, seeks to provide a mix of equity and non-dilutive financing solutions. It will particularly focus on sectors such as clean energy, artificial intelligence, quantum computing, advanced materials, robotics, and space technology, all of which are critical for addressing climate challenges and technological advancements. The fund's mission is to assist European growth-stage companies in overcoming scale-up challenges, helping them expand manufacturing capabilities and enter global markets. By addressing the funding deficiencies at pivotal stages, Kembara aims to reinforce the European deep tech ecosystem and drive sustainable advancements. ## Similar posts on daily.dev - [Europe’s Earlybird VC closes €360M Fund VIII](https://daily.dev/posts/europe-s-earlybird-vc-closes-360m-fund-viii-pbvpxyi3f) · The Next Web · 0 upvotes · 0 comments - [VC firm 2150 raises €210M fund to solve cities’ climate challenges](https://daily.dev/posts/vc-firm-2150-raises-210m-fund-to-solve-cities-climate-challenges-zt6anwoet) · TechCrunch · 0 upvotes · 0 comments - [Deep33 Emerges With $150 Million to Back Quantum And Hard-Tech Infrastructure](https://daily.dev/posts/deep33-emerges-with-150-million-to-back-quantum-and-hard-tech-infrastructure-nupth7kxz) · The Quantum Insider · 0 upvotes · 0 comments - [UK venture funding doubled to $10.5bn in the first four months of 2026, on the back of three giant rounds](https://daily.dev/posts/uk-venture-funding-doubled-to-10-5bn-in-the-first-four-months-of-2026-on-the-back-of-three-giant-r-wvlqirytx) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#climate-tech](https://daily.dev/tags/climate-tech), [#deep-tech](https://daily.dev/tags/deep-tech), [#quantum-computing](https://daily.dev/tags/quantum-computing), [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/kembara-fund-i-secures-750m-to-boost-european-deep-tech-and-climate-startups-uhzgxjznm) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Kembara Fund I Secures €750M to Boost European Deep Tech and Climate Startups","url":"https://daily.dev/posts/kembara-fund-i-secures-750m-to-boost-european-deep-tech-and-climate-startups-uhzgxjznm","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/kembara-fund-i-secures-750m-to-boost-european-deep-tech-and-climate-startups-uhzgxjznm"},"datePublished":"2026-02-05T09:36:00.406Z","dateModified":"2026-03-15T03:44:38.123Z","description":"Mundi Ventures has raised €750 million for Kembara Fund I, Europe's largest dedicated deep tech growth fund, targeting Series B and C stage startups. 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