economy
February 6, 2026
Kembara Closes €750M First Close to Fuel Growth of European Deep Tech Startups
Europe’s largest dedicated deep tech growth fund has taken a major step forward after closing the first tranche of its fundraising effort at €750 million.
TL;DR
- Kembara Fund I, Europe's largest dedicated deep tech growth fund, has closed its first tranche at €750 million, aiming for a €1 billion target.
- The fund will invest in European companies developing breakthrough technologies in areas like clean energy, AI, quantum computing, advanced materials, robotics, and space tech.
- A significant commitment of €350 million comes from the European Investment Fund, with additional backing from institutional investors.
- Launched in 2023 by Yann de Vries and Javier Santiso, the fund targets Series B and C stage rounds, a stage where deep tech startups often struggle to find capital.
- Kembara aims to bridge the gap in later-stage capital for European deep tech companies, enabling them to scale internationally and compete globally.
- Initial investments will range from €15 million to €40 million, with potential follow-on financing up to €100 million per company.
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