redalpine closes $250 million RAC VIII fund for European technology startups
The early-stage fund will back about 20 companies, primarily through seed and Series A investments.
Swiss venture capital firm redalpine announced the $250 million final close of redalpine capital VIII, or RAC VIII, on 10 November. The fund closed above its target and attracted returning and new limited partners, including Aviva Investors, Flexstone Partners and KfW.
RAC VIII plans to invest in around 20 early-stage European companies, primarily leading seed and Series A rounds. Initial investments will range from $1 million to $15 million.
The strategy focuses on businesses built around advances in software and science, including AI, robotics and biotechnology. Early investments include Enact Intelligence, Helical and Arlequin AI.
The close brings redalpine’s total assets under management to more than $1.4 billion. RAC VIII follows its $200 million predecessor RAC VII, which closed in 2024.
Use of funds
Invest in approximately 20 early-stage European technology companies