In a significant boost to the European venture capital landscape, Mundi Ventures has successfully closed its largest fund to date, Kembara, with a whopping €750 million in commitments.
The fund, aimed at deep tech and climate-focused startups, marks a new milestone for the Madrid-based firm known for its investments in transformative technologies.
The Rise of Kembara Fund
Named after the Malay word for 'wanderer,' Kembara reflects Mundi Ventures' exploratory approach to identifying groundbreaking innovations in AI, robotics, and sustainable energy solutions.
This closure comes amid a surge in global interest in climate tech, with investors increasingly prioritizing ESG factors in their portfolios.
Historical Context and Growth Trajectory
Founded in 2015, Mundi Ventures has grown from managing smaller funds to now overseeing billions in assets, with previous successes including investments in companies like Clarifai and Bolt.
The firm's track record includes over 50 portfolio companies, many of which have achieved unicorn status, demonstrating its keen eye for high-potential ventures.
Kembara's €750 million size dwarfs Mundi Ventures' prior funds, signaling strong investor confidence despite economic uncertainties in 2026.
Potential Impact on Deep Tech and Climate Sectors
With this capital, Mundi Ventures plans to back early-stage startups tackling pressing issues like carbon capture, renewable energy, and advanced AI applications for environmental monitoring.
Industry experts predict that Kembara could accelerate Europe's transition to a green economy, potentially creating thousands of jobs in the tech sector.
One key focus will be on bridging the funding gap for deep tech firms, which often require substantial R&D investments before commercialization.
Future Outlook and Strategic Plans
Looking ahead, Mundi Ventures aims to deploy the fund over the next five years, with an emphasis on international expansion beyond Europe into emerging markets in Asia and Africa.
According to sources close to the firm, Kembara has already lined up several promising deals, including a potential investment in a quantum computing startup addressing climate modeling challenges.
Maria Lourdes
