redalpine launches new 200 million dollar fund

The Swiss VC company redalpine is expanding its portfolio with the 200 million dollar "RAC VII" fund. It is also opening an office in London to be closer to the UK tech scene.

Zurich, August 27, 2024 - VC redalpine has unveiled its new fund "RAC VII". With a volume of USD 200 million, it is the largest fund in the company's history. Despite the current challenges on the capital market, the fund was oversubscribed. According to Redalpine, this shows the confidence of investors in the company's almost 20-year track record.

Focus on early-stage investments in Europe

RAC VII focuses on investments in early-stage European start-ups. Redalpine sees enormous potential in the fields of artificial intelligence (AI) and deep tech in particular. Already half of the companies in which the fund has invested so far work primarily with AI. Examples include the German company Proxima Fusion, which is researching fusion energy, and Expression Edits from the UK, which specializes in gene editing technologies.

Long-term support for start-ups

With RAC VII, redalpine plans to invest in 15 to 20 startups and support them through several rounds of financing until global expansion. The company is known for its long-term support: around 65 percent of the startups in the redalpine portfolio make it to the Series A round - far more than the European average. To further strengthen this approach, redalpine has also set up the Summit Fund to support successful companies through to IPO.

Expansion to London

Parallel to the launch of RAC VII, redalpine is expanding to London. The new office is intended to strengthen the company's presence in the UK. According to redalpine, London offers an excellent base for investment, particularly in the fields of science, deep tech and AI. The decision to expand to London was also influenced by existing collaborations with UK start-ups. redalpine has invested in 9fin, a financial platform, and Hypervision Surgical, a medtech company, among others.

Strengthening the European tech ecosystem

With the new office in London and the largest fund in its history, redalpine underlines its ambition to remain a leading early-stage investor in Europe. The opening of the London office follows a similar expansion into Berlin. General Partner Sebastian Becker will take over the management in London.

Driving technological innovation

redalpine sees itself as a key player for technological innovation in Europe. The company wants to continue to support founders who develop solutions for global challenges. With the launch of RAC VII and the expansion to London, the VC is realizing its long-term vision of actively shaping Europe's tech landscape while attracting international investors.