European venture capital fund

Kembara Fund I

Kembara Fund I is a Madrid-based venture capital fund managed by Mundi Ventures (Kembara). €750m reported at first close (source published February 2026).

Growth fund for European deep tech and climate scale-ups

Status
First Close
Reported amount
€750m
Manager
Mundi Ventures (Kembara)
Headquarters
Madrid, Spain
Stages
Series A, Series B, Series C, Growth
Sectors
Deep Tech, Climate & Energy, Defence & Security
Investment geography
Pan-European
Source published
February 2026

Amounts come from the linked public source. A first close is not the final fund size, and a reported close does not confirm that the fund is investing now. Headquarters describe where the manager is based, not where it invests.