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This story was originally published on HackerNoon at: https://hackernoon.com/redalpine-closes-oversubscribed-$250m-fund-to-back-the-science-defining-the-next-decade.
redalpine closes its oversubscribed $250M RAC VIII fund to lead Seed and Series A rounds in European AI, robotics, fusion and biotech after 20 years.
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redalpine closed its oversubscribed early-stage fund RAC VIII at $250 million on 10 November 2026, its largest early-stage fund and 25% above the $200 million RAC VII. The firm now manages more than $1.4 billion and marks 20 years since its founding in Zurich in 2006. RAC VIII will back about 20 European companies, mostly leading Seed and Series A rounds with initial tickets of $1 million to $15 million, chosen from more than 5,000 screened each year. The first investments are Enact Intelligence in robotics, Helical in AI drug discovery and Arlequin AI in AI for critical systems. Limited partners include Aviva Investors, Flexstone Partners and KfW, while half of redalpine's investment team are trained scientists. Companies backed by RAC VII have raised over $1.1 billion, while 12 portfolio companies have exited since 2023. The close comes as European startups raised €68.4 billion in the first nine months of 2026, more than in all of 2025, while deeptech took a record 32% of European venture capital in 2025.