Mundi Ventures secures €750M for Kembara fund as climate tech enters scale-up mode
5 feb. 2026
09:42
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.
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.
Mundi Ventures’ Kembara Fund has marked its first close of €750m towards a target of over €1bn, anchored by a €350m commitment from the European Investment Fund.