Mistral and n8n backer Redalpine closes $250M fund

Pan-European VC outfit Redalpine has closed a $250m fund, marking its biggest early-stage fund to date, it said. Founded in Zurich in 2006, Redalpine invests in tech and science startups across Europe. Along with Zurich, the VC, which has backed high-profile European startups including Mistral, N26, Basecamp Research and Proxima Fusion, has offices in Berlin, London and Silicon Valley. The new fund, RAC VIII, is 25 per cent bigger than its predecessor, the $200m RAC VII, which closed in 2024. The new fund will invest mainly at seed and Series A stage, with investments of between $1m and $15m, the VC said. It will look to lead or co-lead investments, it said. Redalpine, half of whose investment team are scientists, says the fund will invest in between 15 and 20 startups, with a focus on areas including robotics and AI for drug discovery. It says its startups backed by RAC VII, whose portfolio is nearly 50 per cent UK-based, have since raised over $1.1bn in total funding.  Sebastian Be