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og:description: Mundi Ventures has closed €750 million for Kembara Fund I, targeting €1 billion to address Europe&#x27;s Series B funding gap in deep tech and climate startups. The...
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# Mundi Ventures closes on €750M for Kembara, its largest deep tech and climate fund

**[TechCrunch](https://daily.dev/sources/tc)** · 6 min read · 0 upvotes · 0 comments

## Summary

Mundi Ventures has closed €750 million for Kembara Fund I, targeting €1 billion to address Europe's Series B funding gap in deep tech and climate startups. The fund will write €15-40 million initial checks for Series B/C rounds, with potential follow-ons up to €100 million per company. Led by experienced VCs including former Atomico partners, Kembara aims to provide both equity and non-dilutive financing to help European growth-stage companies scale manufacturing and expand globally, with backing from the European Investment Fund and sovereign wealth funds.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/02/04/mundi-ventures-closes-on-e750m-for-kembara-its-largest-deep-tech-and-climate-fund/>

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---

Tags: [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#deep-tech](https://daily.dev/tags/deep-tech), [#climate-tech](https://daily.dev/tags/climate-tech)

[View this post on daily.dev](https://daily.dev/posts/mundi-ventures-closes-on-750m-for-kembara-its-largest-deep-tech-and-climate-fund-soitilvmv)

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