Monte Carlo Capital raises €13 million for Fund II to invest in early-stage DeepTech, AI and SpaceTech

What happened

Monte Carlo Capital (MCC), the Monaco-based early-stage venture firm investing at Seed in DeepTech and tech-enabled innovators, today announced a €13 million ($15 million) first close of Fund II, with a target of €26 million ($30 million). Monte Carlo Capital’s Fund II first close comes amid continued fundraising activity among European venture capital firms targeting DeepTech, AI and other emerging technologies in 2026.

Recent EU-Startups coverage contains Munich-based Vanagon Ventures ’ €20 million fund for pre-Seed DeepTech and AI startups, London-based Project Ventures ’ €5.8 million vehicle targeting university-linked ventures, and Ruya Ventures ’ €43 million DeepTech fund. Larger vehicles include Paris-based 360 Capital ’s €85 million Poli360 2 fund, Berlin-based Merantix Capital ’s €103 million AI fund, London-based Transition Ventures ’ €128 million Fund II and French VC Elaia ’s €134 million DeepTech Seed fund.

Key facts

• Recent EU-Startups coverage — includes: Munich-based Vanagon Ventures ’ €20 million fund for pre-Seed DeepTech and AI startups, London-based Project Ventures ’ €5.8 million vehicle targeting university-linked ventures, and Ruya Ventures ’ €43 million DeepTech fund