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Europe's $1B Deep Tech Fund Bets on AI
๐Ÿ“Š#deep-tech-fund#ai-investment#europe-vcFreshcollected in 10m

Europe's $1B Deep Tech Fund Bets on AI

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๐Ÿ“ŠRead original on Bloomberg Technology

๐Ÿ’กEurope's first $1B deep tech fund sees AI driving massive returns for investors.

โšก 30-Second TL;DR

What changed

Yann de Vries co-founded Kembara fund

Why it matters

Highlights surging investor interest in AI deep tech in Europe, potentially boosting funding for AI startups. Signals shift toward high-return deep tech over traditional VC.

What to do next

Pitch your AI deep tech startup to Kembara for growth funding.

Who should care:Founders & Product Leaders

๐Ÿง  Deep Insight

Web-grounded analysis with 7 cited sources.

๐Ÿ”‘ Key Takeaways

  • โ€ขKembara Fund I, managed by Mundi Ventures and co-founded by Yann de Vries and Javier Santiso, achieved a โ‚ฌ750M first close on February 5, 2026, toward a โ‚ฌ1B target for Europe's largest dedicated deep tech growth fund[1][2][3].
  • โ€ขThe fund targets later-stage (Series B/C) European deep tech startups in AI, quantum computing, clean energy, robotics, space tech, and advanced materials, with initial checks of โ‚ฌ15M-โ‚ฌ40M and up to โ‚ฌ100M total per company[1][2][3].
  • โ€ขAnchored by a โ‚ฌ350M commitment from the European Investment Fund (EIF), plus tier-one European institutional investors, addressing Europe's growth capital gap where only 3% of deep tech firms raise Series B/C despite 28% of global innovations[1][2][3].

๐Ÿ”ฎ Future ImplicationsAI analysis grounded in cited sources

Kembara's โ‚ฌ1B fund could bridge Europe's deep tech scaling gap, enabling 20+ companies in critical technologies like AI and clean energy to achieve global leadership, bolster strategic autonomy amid geopolitical shifts, and catalyze innovation akin to a 'second Renaissance' by retaining talent and IP in Europe.

โณ Timeline

2023-01
Kembara launched by Yann de Vries and Javier Santiso under Mundi Ventures
2025-07
European Investment Fund commits โ‚ฌ350M to Kembara Fund I
2026-02
โ‚ฌ750M first close announced for Kembara Fund I toward โ‚ฌ1B target

๐Ÿ“Ž Sources (7)

Factual claims are grounded in the sources below. Forward-looking analysis is AI-generated interpretation.

  1. thenextweb.com
  2. mundiventures.com
  3. siliconrepublic.com
  4. eu-startups.com
  5. pulse2.com
  6. impactalpha.com
  7. techfundingnews.com

Yann de Vries co-founded Kembara, Europe's first $1bn deep tech growth fund. He predicts AI will unleash innovation and transform industries. De Vries discussed this on Bloomberg's 'The Opening Trade'.

Key Points

  • 1.Yann de Vries co-founded Kembara fund
  • 2.Kembara marks Europe's first $1B deep tech growth fund
  • 3.AI poised to unleash innovation across industries
  • 4.Featured on Bloomberg's The Opening Trade show

Impact Analysis

Highlights surging investor interest in AI deep tech in Europe, potentially boosting funding for AI startups. Signals shift toward high-return deep tech over traditional VC.

#deep-tech-fund#ai-investment#europe-vckembara
๐Ÿ“ŠRead original article on Bloomberg Technology
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