Swiss venture capital firm redalpine has closed its eighth early-stage fund, redalpine Capital VIII (RAC VIII), at $250 million, exceeding its initial fundraising target, as Vestbee was informed.
- Founded in 2006 in Zurich, redalpine is a pan-European venture capital firm investing in software and science companies from Seed to IPO. The firm manages more than $1.4 billion in assets and has backed over 100 companies, including Proxima Fusion, Mistral AI, N26 and Basecamp Research.
- RAC VIII will invest in around 20 early-stage companies across Europe, primarily leading Seed and Series A rounds, with initial investments ranging from $1 million to $15 million. The fund will focus on companies developing technologies in areas such as artificial intelligence, robotics, biotechnology and energy.
- The fund saw support from Aviva Investors, Flexstone Partners and KfW, alongside entrepreneurs, executives and business owners.
- Its first investments include Enact Intelligence, which develops technology for robotics; Helical, an AI-powered virtual laboratory for drug discovery; and Arlequin AI, which is developing an AI architecture to protect critical systems.
- The new fund forms part of redalpine's broader investment platform, which aims to support European technology companies throughout their growth, from early-stage funding to IPO. With RAC VIII, the firm brings its total assets under management to more than $1.4 billion.
