European venture capital firm Redalpine raises $200 mln in largest fund
Aug 27 (Reuters) -Zurich-based venture capital firm Redalpine said on Tuesday it has raised $200 million in its largest-ever fund, which would back 15-20 early-stage companies across Europe.
Called Redalpine Capital VII or RAC VII, the fund saw commitments from several existing investors, with limited partners including institutional investors such as public pension funds and national banks.
Redalpine, which also announced the opening of a new office in London, has more than $1 billion in assets under management across its seven funds.
WHY IT'S IMPORTANT
RAC VII has already invested in nine companies, including fusion energy startup Proxima Fusion, gene-editing company Expression Edits and LegalFly, an AI copilot for legal services.
The fund underscores a rebound in venture capital funding following a lull earlier this year, aided by the optimism around artificial intelligence and other disruptive technologies.
Redalpine's London office will help expand its geographical footprint, support its local portfolio companies and unlock new investment opportunities. The firm currently operates out of offices in Zurich and Berlin and has a presence in San Francisco.
CONTEXT
Founded in 2006, Redalpine has so far invested in more than 100 companies, including payments group Klarna, France's Mistral AI, Germany's tax return app Taxfix and biotech firm Infinite Roots.
KEY QUOTES
"We are at a pivotal inflection point in technological development ... 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," said Redalpine Founding Partner Michael Sidler.
"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," said Sebastian Becker, general partner at Redalpine and head of the London office.
Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
