Redalpine announces final close of largest-ever fund at $200M

Venture capital firm redalpine today announced the final close of its largest-ever fund, redalpine capital VII (RAC VII), at $200 million. 

Alongside this milestone, redalpine is expanding its footprint with a new office in London, enhancing its commitment to unlocking innovation across Europe.

Founded in Zurich in 2006, redalpine has been investing for nearly two decades and is recognised for funding category leaders in software and science - from AI, software, biotech, and food to fintech, healthcare, and energy - and being the first backers of unicorns like Taxfix and N26.

Redalpine has invested in over 100 companies, including N26, Klarna, Taxfix, Mistral AI, Aktiia, Lakera, and Infinite Roots.

Michael Sidler, Founding Partner of redalpine, said: 

“We are at a pivotal inflection point in technological development, with transformative change happening across all industries. 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 and are proud to be empowering the next generation of game-changing companies. 

With RAC VII, our largest fund to date, we can’t wait to co-create the future together with visionary entrepreneurs, while continuing our legacy of delivering outstanding returns for our investors.”

RAC VII closed oversubscribed, exceeding its initial target despite a challenging fundraising environment.

Operating out of offices in Zurich, Berlin, and soon London, and with a presence in Silicon Valley, RAC VII will back 15-20 early-stage companies from across Europe. 

The fund has already invested in nine companies, including Proxima Fusion (Germany), LegalFly (Belgium), and Expression Edits (UK).

A significant number of existing investors doubled down on their commitment in RAC VII, with limited partners including family offices and institutional investors (including public pension funds, Funds of Funds, and national and international banks). 

Today, redalpine has over $1billion in assets under management across its seven funds.

The opening of redalpine’s new London office marks another significant step in the company’s growth and commitment to Europe’s local startup ecosystems. redalpine has already backed over 10 UK-based companies, including 9fin, Uncommon, and Hypervision Surgical.

Sebastian Becker, General Partner at redalpine and head of the London office, said: 

“After expanding to Berlin, establishing a presence in London is the next logical step in our growth journey.

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 at the continuum of software and science.”

.In addition to its six early-stage funds, redalpine launched its innovative evergreen, multi-stage Summit Fund in 2020, the first of its kind in Europe. The Summit Fund enables redalpine to invest in European tech champions and support its top-performing portfolio companies through the later stages, from startup to IPO, reducing reliance on US funding.

Lead image: redalpine. Photo: uncredited.