Observed Signal · Aug 27, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
redalpine closes $200M Fund VII, expands to London
Swiss VC redalpine announced the closing of its seventh fund, redalpine capital VII (RAC VII), at $200 million, exceeding its target despite a challenging fundraising environment. The fund will invest in 15-20 early-stage companies across Europe. redalpine also announced a new office in London. Founded in 2006, redalpine has backed companies like N26, Taxfix, Mistral AI, Klarna, and Teads, and manages over $1 billion in assets under management. RAC VII has already invested in nine companies, including Proxima Fusion, LegalFly, and Expression Edits. Existing investors doubled down on the fund.
A significant VC fund close that supports early-stage innovation in AI and software across Europe, with existing AdTech portfolio exposure, but not a direct AdTech platform event.
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Key Takeaways & Evidence Grounding
- redalpine closed its seventh fund, RAC VII, at $200 million.
- The fund was oversubscribed and exceeded its target volume.
- redalpine is opening a new office in London.
- redalpine manages over $1 billion in assets under management across seven funds.
- RAC VII has already invested in nine companies, including Proxima Fusion, LegalFly, and Expression Edits.
Connected Companies & Entities
6 Entities mapped“The Zurich-based venture capital company redalpine today announced the closing of its largest fund to date, redalpine capital VII (RAC VII),...”
“redalpine was also the first investor in unicorns such as Taxfix and N26....”
“Portfolio also includes Mistral AI, Relai, Klarna, Inkitt, Sanity Group, Robinhood or Teads....”
“Portfolio also includes Mistral AI, Relai, Klarna, Inkitt, Sanity Group, Robinhood or Teads....”
“Portfolio also includes Mistral AI, Relai, Klarna, Inkitt, Sanity Group, Robinhood or Teads....”
“Portfolio also includes Mistral AI, Relai, Klarna, Inkitt, Sanity Group, Robinhood or Teads....”
Ontology Mapping & Concepts
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