Mundi Ventures secures €750M for Kembara fund as climate tech enters scale-up mode

Spain's Mundi Ventures has announced the first close of its Kembara deep tech and climate fund at €750m, as it pushes towards a target of at least €1bn.

It's joining a hoard of new funds that aim to carry hardware-heavy startups across the Series B 'valley of death' and towards commercial viability.