Monte Carlo Capital Launches €13M Fund II to Back Early-Stage DeepTech
Monte Carlo Capital launched a €13M second fund to back early-stage DeepTech, AI, and SpaceTech startups in Europe.
The big picture: Monte Carlo Capital (MCC), the Monaco-based early-stage venture firm, has announced a €13 million ($15 million) first close of its Fund II, targeting a total of €26 million ($30 million). The fund will invest in DeepTech and tech-enabled innovators.
What it will back:
- Investment Focus: Fund II will primarily invest at Seed stage, with selective allocations at pre-Seed and Series A.
- Sector Thesis: The fund targets companies in DeepTech, AI, SpaceTech, and enterprise software.
- Geographic Scope: While Monaco-based, the firm operates within the broader European venture ecosystem, backing companies with multi-billion-dollar outcome potential.
Who is behind it:
Ian Sosso, founder and Managing Partner of Monte Carlo Capital, leads the firm. He previously built a track record as an angel investor, leading over 50 syndicates. The firm’s first fund closed at over €11 million in 2025, with most of those limited partners recommitting to Fund II. Fund II has already made five investments.
The catch: Monte Carlo Capital’s first close for Fund II comes amidst a competitive European fundraising environment, particularly for DeepTech and AI. The fund’s target size of €26 million positions it alongside numerous other European VCs, including larger vehicles from firms like 360 Capital (€85M), Merantix Capital (€103M), and Transition Ventures (€128M), suggesting a need for differentiated deal flow and value creation to compete effectively for top-tier opportunities.
Key Facts
- Firm: Monte Carlo Capital
- Fund: Fund II
- Raised so far: €13M
- Status: First close
- Stage: Seed, pre-Seed, Series A
- Focus: DeepTech, AI, SpaceTech, enterprise software
- Geography: Europe
- Partner: Ian Sosso
- Previous fund: €11 million for Fund I
- Announced: 2026-10-10