Mundi Ventures Closes On €750M For Kembara, Its Largest Deep Tech And Climate Fund
Deep tech fund Kembara secures €750M first close to rescue European climate startups stuck at Series B. Scaling begins now.
Matilda
Mundi Ventures Closes On €750M For Kembara, Its Largest Deep Tech And Climate Fund
Deep Tech Fund Kembara Closes €750M to Fix Europe's Scale-Up Gap Europe's deep tech and climate startups now have a powerful new ally. Mundi Ventures has secured a €750 million first close for Kembara Fund I—the continent's largest dedicated deep tech and climate fund—to bridge the notorious Series B funding gap crippling promising European innovators. The Madrid-based firm aims to write €15–40 million checks into 20 companies, with room to scale investments toward a potential €1.25 billion final close. Credit: Kembara Why Europe's Climate Startups Keep Stalling at Series B European universities and research labs consistently produce world-class deep tech breakthroughs. Yet a troubling pattern repeats: startups secure early funding, validate their technology, then hit a wall when attempting to scale manufacturing, navigate regulatory hurdles, or compete globally. Recent analysis confirms billions flow into seed and Series A climate ventures annually—only for too many to co…
