redalpine, a Switzerland-based Venture Capital firm, has successfully closed its largest fund to date at $200m, with plans to accelerate investments in InsurTech, FinTech, and other high-impact technology sectors across Europe.
The fund, known as redalpine Capital VII (RAC VII), has also announced plans to open a new office in London as part of its expansion strategy, according to InsurTech Insights.
The $200m fund was backed by a range of investors, although specific names have not been disclosed. The funding round for RAC VII was oversubscribed, surpassing its initial target, which is particularly notable given the challenges of the current fundraising environment.
redalpine primarily invests in startups that are leaders in software and science, focusing on sectors such as AI, software, biotech, food, InsurTech, FinTech, healthcare, and energy.
Michael Sidler, founding partner of redalpine, said, “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.”
The firm has been an early backer of several successful unicorns, including Taxfix and N26.
Lino Teuteberg, Co-Founder of redalpine portfolio company Taxfix, looked back on that backing, stating, “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 new RAC VII fund will be used to back 15-20 early-stage companies across Europe, focusing on high-impact areas like AI, energy transition, and health innovation.
The fund has already invested in nine companies, including Proxima Fusion, a German company focused on clean energy production through fusion technology, and LegalFly, a Belgium-based AI startup revolutionising legal workflows.
Sebastian Becker, General Partner at redalpine and future head of the London office, said, “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 has invested in over 100 companies to date, including notable names such as N26, Klarna, and Mistral AI, further solidifying its position as a key player in the European venture capital scene.
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