Mistral and N26 backer redalpine closes €222.53 million RAC VIII fund to back 20 European startups

What happened

redalpine, the Swiss venture capital firm, has announced the final close of redalpine Capital VIII, its latest early-stage vehicle, at €222.53 million ($250 million). European venture capital firm redalpine announced on Tuesday the final close of its early-stage fund.

The fund, redalpine capital VIII (RAC VIII), closed oversubscribed at $250 million.

The firm said the fund was oversubscribed, showcasing investor confidence in European companies at the intersection of software and science. The fund attracted both returning and first-time partners.

The new investors joining the fund are Aviva Investors, Flexstone Partners and KfW. Founded in Zurich in 2006 by molecular biologist Dr.

That reflects continued investor appetite for companies building on advances in software and science. Sidler and software entrepreneur Peter Niederhauser, redalpine has always focused on businesses combining software with science.

Half of the firm’s investment team contains trained scientists, including biologists, physicists, and engineers, giving it the technical depth needed to evaluate complex technologies at the earliest stages. The firm’s past bets have included AI, fusion energy, robotics, and biotechnology.