Kembara closes €750M toward €1B deep tech growth fund
European growth investor Kembara has secured €750 million toward its ambitious €1 billion target, positioning the firm to operate what it calls Europe’s largest deep tech growth fund. The vehicle is designed to back late-stage companies developing transformative deep tech across sectors such as space, defence, quantum computing, artificial intelligence and next‑generation clean energy.
Partners with a track record in frontier technology
The partners at Kembara bring experience from some of the world’s most prominent technology scale‑ups. Their collective track record spans companies including SpaceX, Palantir, PsiQuantum, OpenAI, Lilium, Graphcore, RobCo, Ceres Power, Anduril and The Exploration Company. This background is intended to give portfolio founders access not only to capital, but also to operational expertise in scaling complex hardware and software platforms.
Focus on scaling European deep tech champions
The new fund targets growth‑stage businesses that have already validated core R&D and are now seeking substantial capital to industrialise products, expand manufacturing and enter global markets. By concentrating on growth equity rather than early‑stage seed funding, Kembara aims to fill a well‑documented financing gap that has historically pushed many European innovators to relocate or list abroad.
Strengthening Europe’s strategic technology autonomy
Investments are expected to prioritise technologies deemed strategically important for Europe’s long‑term competitiveness and security. That includes dual‑use technologies at the intersection of defence and civilian applications, advanced semiconductors, climate tech and resilient infrastructure platforms. The scale of the fund signals growing confidence from institutional investors in the commercial viability of capital‑intensive deep tech ventures.
With €750 million already committed and a final close targeted at €1 billion, Kembara is set to become a central player in Europe’s deep tech growth landscape, competing with global investors while aiming to keep more of the continent’s breakthrough innovation anchored in Europe.