Venture firm redalpine closed RAC VIII at $250 million. The fund is 25% larger than RAC VII, which closed at $200 million. It plans to invest in about 20 European startups, mainly at Seed and Series A stages.
Fund details
RAC VIII attracted Aviva Investors, Flexstone Partners, and KfW as limited partners. Initial investments will range from $1 million to $15 million. The firm said the fund closed with more demand than available shares.
Team and track record
redalpine was founded in Zurich 20 years ago by Michael Sidler and Peter Niederhauser. Half of its investment team are trained scientists, including biologists, physicists, and engineers. The firm now manages more than $1.4 billion in assets and has over 100 portfolio companies.
First investments
RAC VIII has already backed Enact Intelligence, Helical, and Arlequin AI. Enact Intelligence works on force intelligence for robotics. Helical builds a virtual AI lab for reproducible drug discovery.
RAC VII-backed companies have raised over $1.1 billion since 2024. The firm has recorded 12 exits from its portfolio since 2023. Those exits include Araris, sold to Taiho, and Lakera, sold to Check Point.