Mundi Ventures closes €750M for Kembara fund: Because nothing fixes climate change like a billion-euro bet on unproven deep tech moonshots

Mundi Ventures has completed a €750 million first close for its Kembara fund, a deep tech and climate megafund based in Spain, as it moves towards its €1 billion target. This significant investment milestone underscores the growing interest in deep tech and climate-focused ventures. Kembara's fund will likely focus on supporting innovative companies developing cutting-edge technologies aimed at addressing climate change and other environmental challenges. The fund's closure is a notable development in the European venture capital landscape, highlighting the region's commitment to sustainable investing. With its substantial funding, Kembara is well-positioned to back promising startups and scale-ups in the deep tech and climate sectors, driving technological advancements and sustainable growth. As the global community increasingly prioritizes environmental sustainability, the success of funds like Kembara is crucial for fostering innovation and reducing carbon footprints. This investment is expected to have a lasting impact on the industry.