Swiss venture capital firm redalpine has marked a significant milestone with the final closing of its largest-ever fund, redalpine capital VII (RAC VII), which has secured $200 million. The fund’s oversubscription, surpassing its initial target, reflects strong investor confidence despite a challenging fundraising climate.
The RAC VII fund, bolstered by increased commitments from existing investors including renowned family offices, public pension funds, Funds of Funds, and major banks, will focus on early-stage investments across Europe. With this latest addition, redalpine now manages over $1 billion in assets across seven funds. The new fund is set to support 15-20 promising early-stage companies in various sectors, particularly those in deeptech and AI.
In tandem with this achievement, redalpine is expanding its presence with a new office in London. This strategic move underscores the firm’s commitment to enhancing its engagement with Europe’s vibrant startup ecosystem. The London office will be led by Sebastian Becker, General Partner at redalpine, who emphasized the importance of this expansion given the UK’s advancements in deeptech and AI.
Founded in Zurich in 2006, redalpine is a prominent player in European venture capital, known for its investments in software and science-driven startups. The firm’s portfolio includes successful companies like N26, Klarna, and Taxfix. The recently launched Summit Fund, an evergreen, multi-stage fund, further supports redalpine’s strategy of nurturing tech champions through all stages of growth, from startup to IPO.
Michael Sidler, Founding Partner of redalpine, expressed enthusiasm about the opportunities ahead, stating, “We are at a pivotal inflection point in technological development. With RAC VII, we look forward to partnering with visionary entrepreneurs and continuing our legacy of delivering outstanding returns.”
The RAC VII fund has already made initial investments in nine companies, including Proxima Fusion, LegalFly, and Expression Edits, reflecting its commitment to supporting groundbreaking innovations. This expansion and new fund position redalpine as a leading force in shaping the future of technology and industry.
Redalpine’s successful fund closing and strategic expansion highlight its role in fostering transformative change and supporting the next generation of industry leaders.
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