Funding

Redalpine funding news – Zurich-based Redalpine closes a new Fund of over €179Million

Aug 27, 2024 | By Startup Rise EU

Redalpine funding news - Zurich-based Redalpine closes a new Fund of over €179Million

Zurich-based venture capital firm Redalpine Capital VII (RAC VII) closed at approximately €179 million. In addition to this milestone, It is opening a London office to unlock creativity across Europe.

SUMMARY

  • Zurich-based venture capital firm Redalpine Capital VII (RAC VII) closed at approximately €179 million.
  • Swiss venture financing firm redalpine powers GameChangers.

Redalpine, founded in 2006 in Zurich, is one of Europe's most experienced venture capital firms. The firm was the first backer of Taxfix and N26, and it funds category leaders in AI, biotech, fintech, and energy. RAC VII's top-quartile returns and outstanding track record helped it close oversubscribed despite a difficult fundraising environment.

Michael Sidler, Founding Partner of Redalpine said: “We are at a pivotal inflexion 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.”

The new fund targets 15-20 European early-stage startups. RAC VII has invested in nine companies, including Proxima Fusion (Germany), a spin-off from the Max Planck Institute for Plasma Physics that uses fusion technology to produce clean energy; LegalFly (Belgium), an AI copilot that improves legal workflows; and Expression Edits (UK), a gene-editing company that streamlines life-saving therapy development

Sebastian Becker, General Partner at Redalpine and head of the London office, said, "The opening of the London office represents a strategic expansion for Redalpine, which already operates out of Zurich, Berlin, and has a presence in Silicon Valley. The firm has backed over 10 UK-based companies, including 9fin, Uncommon, and Hypervision Surgical.“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 deep tech and AI – areas that align perfectly with our investment strategy at the continuum of software and science. I look forward to building our on-the-ground team and being on hand to further support our local portfolio companies.”

Redalpine's investing team includes experienced operators, past entrepreneurs, and experts from biology, physics, medicine, computer science, and material science. The company invests in technology innovations that provide it a commercial edge. The company has invested in over 100 firms, including N26, Klarna, Taxfix, Mistral AI, Aktiia, Lakera, and Infinite Roots.

About Redalpine

Swiss venture financing firm redalpine powers GameChangers. Redalpine, founded in 2006, helps ambitious entrepreneurs realize their vision through financial investment, operational skills, and a global network.

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