With €750M First Close, Mundi Ventures’ Kembara Fund Emerges as Major Capital Force for European Deep Tech and Climate Transition

Many early-stage European climate tech startups fail to secure Series B funding due to a lack of growth capital. Spain’s **Mundi Ventures** is addressing this gap with its new **Kembara Fund**, which has reached a €750 million first close and targets a final size of €1.25 billion. The fund focuses on Series B and C