Leading European venture capital firm redalpine closed redalpine Capital VII (RAC VII), at $200 million. The fund was oversubscribed.
Alongside this milestone, redalpine is expanding its footprint with a new office in London, enhancing its commitment to unlocking innovation across Europe.
“We are at a pivotal inflection point in technological development, with transformative change happening across all industries,” commented Michael Sidler, founding Partner of redalpine. “Huge forces such as AI, energy transition, health and food security, and more are creating significant investment opportunities. We are seeking startups that are working on incredible solutions and are proud to be empowering the next generation of game-changing companies. With RAC VII, our largest fund to date, we can’t wait to co-create the future together with visionary entrepreneurs, while continuing our legacy of delivering outstanding returns for our investors.”
A significant number of existing investors doubled down on their commitment in RAC VII, with limited partners including renowned family offices and leading institutional investors (including public pension funds, Funds of Funds, and national and international banks). Today, redalpine has over $1bn in assets under management across its seven funds.
Operating out of offices in Zurich, Berlin, and soon London, and with a presence in Silicon Valley, RAC VII will back 15-20 early-stage companies from across Europe. The fund has already invested in nine companies, including:
- Proxima Fusion (Germany), a Max Planck Institute for Plasma Physics spin-off focused on the future of clean energy production through fusion technology;
- LegalFly (Belgium), the AI copilot that is transforming legal workflows;
- Expression Edits (UK), the gene-editing company that is streamlining and accelerating the development of life-saving therapies.
To date, redalpine has invested in over 100 companies, including N26, Klarna, Taxfix, Mistral AI, Aktiia, Lakera, and Infinite Roots.
redalpine’s investment team comprises seasoned operators, former entrepreneurs, and half of the team are scientists, including biologists, physicists, doctors, computer scientists, and material scientists. redalpine funds technological breakthroughs that offer tenfold improvements over existing solutions, providing a so-called ‘tech hedge’ and a key competitive advantage.
“When we set out to help people all across Europe overcome their fear of complex tax and financial issues, redalpine stood out with their hands-on approach and deep belief in our vision,” shared Lino Teuteberg, Co-Founder of Taxfix. “The founding partners and team served as valuable sparring partners around the topics of product development, growth, and hiring, and continue to double-down on their support by investing from Seed to Series D.”
In addition, the firm’s Summit Fund, a multi-stage fund established in 2020, enables redalpine to invest in European tech champions and support its top-performing portfolio companies through the later stages, from startup to IPO, reducing reliance on US funding.
“London and the UK have shown very impressive advancements in the past few years, particularly in deeptech and AI – areas that align perfectly with our investment strategy at the continuum of software and science,” Sebastian Becker, General Partner at redalpine and head of the London office. “I look forward to building our on-the-ground team and being on hand to further support our local portfolio companies.”
