Mundi Ventures closes on €750M for Kembara, its largest deep tech and climate fund

After securing a €350 million commitment from the European Investment Fund under the European Tech Champions Initiative in 2024, Mundi Ventures has just completed a €750 million first close for Kembara, its fifth fund and largest to date. 

Regulatory filing from Spain reveals that the fund — focused on deep tech — could even stretch its final closing to €1.25 billion. But according to Kembara co-founder and general partner Yann de Vries, getting to €750 million in two years as a first fund in this environment “was not easy.”

Kembara is managed by a specialist team within Mundi Ventures, with offices in Madrid, London, Barcelona, and Paris. Mundi Ventures founder Javier Santiso is now also a co-founder and GP of the Kembara fund, which has now disclosed the full list of its senior partners.

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