NewsNov 10, 2026, 07:09 UTC

Redalpine closes largest fund at $250M, 25% above its last

What's the deal? Swiss venture firm Redalpine has closed its eighth fund, Redalpine Capital VIII, at $250 million. The oversubscribed fund drew European institutional backers including Aviva Investors, Flexstone Partners, and KfW. It is Redalpine's largest to date — 25% bigger than Capital VII, which closed in August 2024 at $200 million.

What's the endgame? The fund will back around 20 European companies, mainly at seed and Series A, with initial cheques of $1 million to $15 million. Redalpine's focus sits where software and science meet; half its investment team are trained scientists.

Why now? Twenty years after its founding in Zurich, the firm now manages over $1.4 billion across more than 100 portfolio companies, with offices in Zug, Berlin, and London and a presence in Silicon Valley. "Twenty years ago, we started redalpine with the conviction that the most important companies would emerge where software and science meet," said co-founder Michael Sidler.

The track record: Redalpine's prior portfolio includes fusion startup Proxima Fusion, neobank N26, and Mistral AI, which raised a €3 billion Series D at a valuation above €21 billion. Its Capital VII companies have raised over $1.1 billion since 2024, and the firm has logged 12 portfolio exits since 2023 — including Swiss biotech Araris, sold to Taiho, and AI security firm Lakera, sold to Check Point.

First cheques: Capital VIII's debut investments are Enact Intelligence, working on force intelligence for robotics; Helical, building a virtual AI lab for drug discovery; and Arlequin AI, an AI architecture for protecting critical systems.

A $250 million oversubscribed raise shows institutional capital still flows to established early-stage managers, even as the broader market stays tight.