Observed Signal · Oct 9, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 1/5 · Sentiment: Positive
Monte Carlo Capital Raises €13M for Fund II
Monte Carlo Capital (MCC), a 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 at Seed, pre-Seed, and Series A stages in DeepTech, AI, SpaceTech, and enterprise software. The announcement follows the close of Fund I at over €11 million in 2025, with most Fund I LPs recommitting. Fund II has already made five investments. The firm, founded by Ian Sosso, focuses on backing startups with a clear path to multi-billion-dollar outcomes, often co-investing with leading VCs. Notable portfolio companies include StarCloud, a fast-growing AI cloud startup, and Scout AI, a DefenceTech company. The fundraising is part of a broader trend of European VC activity in DeepTech and AI.
News about a venture capital fund raising is not directly relevant to the AdTech/MarTech industry, as it focuses on DeepTech, AI, and SpaceTech investments without direct connection to advertising technology.
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Key Takeaways & Evidence Grounding
- Monte Carlo Capital raised €13 million ($15 million) first close for Fund II.
- Fund II targets a total of €26 million ($30 million).
- The fund will invest in DeepTech, AI, SpaceTech, and enterprise software at Seed, pre-Seed, and Series A stages.
- Fund I closed at over €11 million in 2025.
- Fund II has already made five investments, including StarCloud and Scout AI.
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Robin Capital Raises €15M Second Fund
Berlin-based solo GP venture capital firm Robin Capital, founded by Robin Haak, has raised a second €15 million fund (Fund II). Following its first €15 million fund, Fund II will continue to back European pre-seed and seed-stage startups in enterprise AI, proprietary data, robotics, and space technology. Robin Capital typically invests between €100,000 and €600,000, focusing on companies in Germany, Austria, and Switzerland. The firm emphasizes founder support, leveraging Haak's experience as a founder and operator. Fund II's portfolio includes Ground A, Marble Imaging, and Helicity Space. Robin Capital plans to expand its platform, potentially adding growth-stage capital in the future.
Italian VC Techshop Launches Second Fund with €43M First Close
Milan-based venture capital firm Techshop announced the first closing of its second fund, Techshop II, at €43 million, dedicated to pre-Seed and Seed startups developing AI B2B solutions. The fund exceeded its initial fundraising target and aims to raise €100 million by 2027. CDP Venture Capital joined as a reference investor through its FoF VenturItaly II and Digital Transition Fund, backed by NextGenerationEU resources. Techshop II will invest at least 70% of its capital in EU/EEA companies with a permanent establishment in Italy. The firm's strategy focuses on early-stage B2B software, particularly AI-driven vertical SaaS solutions. Techshop's first fund portfolio includes 23 companies and shows a MOIC of 1.8 and TVPI of 1.5. The new fund aims to make Techshop a multi-fund platform with €150 million in total AUM.
A* Capital Closes $450M Fund III
A* Capital, the early-stage venture firm run by Kevin Hartz and Bennet Siegel, has closed its third fund at $450 million. The generalist fund will write average checks of $3–5 million and aims to back at least 30 startups, deploying capital over the next two to three years. Publicly named limited partners include Carnegie Mellon University alongside nonprofits, foundations and endowments. A* Capital was founded in 2020 and previously raised a $315 million Fund II in 2024 and a $300 million Fund I in 2021. The firm invests across AI applications, fintech, healthcare and security and has backed companies such as Ramp and Mercor.
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