Redalpine closes largest fund at USD $200m, opens London office

European venture capital firm Redalpine has announced the final close of its seventh and largest fund to date, Redalpine Capital VII (RAC VII), at USD $200 million. This latest development brings the firm's total assets under management to over USD $1 billion across seven funds. In addition to this significant milestone, Redalpine is also expanding its presence with a new office in London.

Founded in Zurich in 2006, Redalpine has spent nearly two decades investing across Europe in various sectors, including AI, software, biotech, and fintech. The firm is known for supporting startups that have gone on to become dominant players in their respective fields, such as Taxfix and N26. Despite a challenging fundraising environment, the RAC VII fund exceeded initial expectations, closing oversubscribed.

Michael Sidler, Founding Partner of Redalpine, commented on this achievement, stating, "We are at a pivotal inflection 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."

A notable number of existing investors have increased their commitments to RAC VII, including renowned family offices and institutional investors such as public pension funds, Funds of Funds, and national and international banks. RAC VII aims to support 15-20 early-stage companies across Europe and has already invested in nine companies, including Proxima Fusion in Germany, LegalFly in Belgium, and Expression Edits in the United Kingdom.

Reflecting on the support received from Redalpine, Lino Teuteberg, Co-Founder of Redalpine portfolio company Taxfix, shared, "When we set out to help people all across Europe overcome their fear of complex tax and financial issues, Redalpine stood out with their hands-on approach and deep belief in our vision. The founding partners and team served as valuable sparring partners around the topics of product development, growth, and hiring, and continue to double-down on their support by investing from Seed to Series D. We're delighted to hear that RAC VII will enable more entrepreneurs to benefit from partnering with Redalpine."

The opening of the new London office signifies another phase in Redalpine's growth and its commitment to strengthening local startup ecosystems in Europe. The firm has already invested in over 10 UK-based companies, including 9fin, Uncommon, and Hypervision Surgical.

Sebastian Becker, General Partner at Redalpine and head of the London office, remarked, "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 deeptech 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 investment team consists of seasoned operators and former entrepreneurs, with half of the team having backgrounds in science disciplines, including biology, physics, and computer science. Since its inception, Redalpine has funded over 100 companies, supporting a range of technological advancements that offer significant improvements over existing solutions.