Kembara

About Kembara

Europe's largest dedicated deeptech growth fund, anchored by €350M from EIF under ETCI. Targets the 'Series B cliff' where only 3% of European deeptech companies secure growth capital.

Investment Focus

Location / RegionSpain

Funding StageSeries B

Industry Focus

Ai Ml

Climate Sustainability

Deep Tech

Defense

Energy Tech

Robotics Automation

Space

Investor Signals Profile

active

Sweet Spot

Series B/C deep tech founder scaling globally from Europe

deep tech

climate

industrial tech

Series B/C

Europe growth capital

Bullish Signals

€750M first close, targeting €1Bblog

Up to €100M per company reservedblog

Concentrated portfolio, ~20 companies onlyblog

Portfolio co lands Visa partnership (EU)linkedin

Backing embedded insurance infra at scalelinkedin

NEAT Protect: 25M+ cardholders reachedlinkedin

Portfolio expanding across France + Europelinkedin

AI-powered personalization in portfolio productlinkedin

Backs founders building alongside global leaderslinkedin

Fully digital claims journey in portfoliolinkedin

Contrarian Signals

No named GPs, team opaqueblog

€1B fund, very few winners backedblog

First fund — unproven track recordblog

Fintech bet — outside core deep tech thesislinkedin

Founder Do's

Have proven tech + early commercial traction

Need €15M–€100M to scale globally

Building in AI, robotics, energy, or industrial

Strong engineering team, large deployment needs

Plan global expansion from European base

Founder Don'ts

Pre-revenue or early validation stage

Pure software, no technical complexity

Need seed or Series A capital

Key GPs & Partners

Mundi Ventures Team

General Partner

thesis-drivenpatient-capitalmetrics-driven

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Fund Overview

Fund Size€750M

Saves0

Website

Key People

Yann de Vries, Javier Santiso

Mundi Ventures TeamGeneral Partner