Redalpine, a Zurich-based enterprise capital agency, has as we speak introduced the ultimate shut of its largest-ever fund, Redalpine Capital VII (RAC VII), at over €179 million. Alongside this milestone, Redalpine is increasing its footprint with a brand new workplace in London, enhancing its dedication to unlocking innovation throughout Europe.
Based in Zurich in 2006, Redalpine has established itself as considered one of Europe’s most skilled enterprise capital corporations. The agency is acknowledged for funding class leaders throughout a variety of sectors, together with AI, biotech, fintech, and vitality, and for being the primary backer of unicorns like Taxfix and N26. Regardless of a difficult fundraising atmosphere, RAC VII closed oversubscribed, a testomony to the agency’s constant top-quartile returns and robust observe report.
Michael Sidler, Founding Accomplice of Redalpine stated: “We’re at a pivotal inflexion level in technological improvement, with transformative change occurring throughout all industries. Big forces reminiscent of AI, vitality transition, well being and meals safety, and extra are creating important funding alternatives. We’re looking for startups which might be engaged on unimaginable options and are proud to be empowering the subsequent era of game-changing firms. With RAC VII, our largest fund up to now, we are able to’t wait to co-create the longer term along with visionary entrepreneurs, whereas persevering with our legacy of delivering excellent returns for our buyers.”
The brand new fund will goal 15-20 early-stage firms throughout Europe. RAC VII has already made investments in 9 firms, together with Proxima Fusion (Germany), a spin-off from the Max Planck Institute for Plasma Physics specializing in clear vitality manufacturing by means of fusion expertise; LegalFly (Belgium), an AI copilot remodeling authorized workflows; and Expression Edits (UK), a gene-editing firm streamlining the event of life-saving therapies.
A considerable variety of present buyers elevated their commitments in RAC VII, with restricted companions together with famend household workplaces and main institutional buyers reminiscent of public pension funds, Funds of Funds, and nationwide and worldwide banks. In the present day, Redalpine manages over $1 billion in property throughout its seven funds.
The opening of the London workplace represents a strategic growth for Redalpine, which already operates out of Zurich, Berlin, and has a presence in Silicon Valley. The agency has backed over 10 UK-based firms, together with 9fin, Unusual, and Hypervision Surgical. Sebastian Becker, Basic Accomplice at Redalpine and head of the London workplace, stated, “After increasing to Berlin, establishing a presence in London is the subsequent logical step in our progress journey. London and the UK have proven very spectacular developments previously few years, notably in deep tech and AI – areas that align completely with our funding technique on the continuum of software program and science. I stay up for constructing our on-the-ground workforce and being readily available to additional help our native portfolio firms.”
Redalpine’s funding workforce includes seasoned operators, former entrepreneurs, and scientists from numerous fields, together with biology, physics, drugs, pc science, and materials science. The agency focuses on funding technological breakthroughs that provide important enhancements over present options, offering a aggressive benefit out there. Thus far, Redalpine has invested in over 100 firms, together with N26, Klarna, Taxfix, Mistral AI, Aktiia, Lakera, and Infinite Roots.
Along with its six early-stage funds, Redalpine launched the modern Summit Fund in 2020, an evergreen, multi-stage fund that’s the first of its form in Europe. The Summit Fund permits Redalpine to spend money on European tech champions and help its top-performing portfolio firms by means of the later levels, from startup to IPO, lowering reliance on US funding.
With the profitable closing of RAC VII and the growth into London, Redalpine is well-positioned to advance its mission of empowering GameChangers, disrupting industries for good, and shaping a greater world for all.