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Mundi Ventures has closed €750 million for Kembara Fund I, its largest deep tech fund, with aims to help scale European startups. The fund received a €350 million commitment from the European Investment Fund and plans to invest between €15 million and €40 million in 20 companies, with total investments potentially reaching €100 million per company.

Kembara will focus on Series B and C funding rounds and seeks to provide non-dilutive financing options. The fund's objective is to support European deep tech innovations and foster global champions.