Mistral backer redalpine closes $250 million early-stage fund for AI, robotics and science startups

Zurich-founded venture capital firm redalpine closed its RAC VIII fund at $250 million, the firm said. The oversubscribed fund will invest in around 20 early-stage software and science companies across Europe.

RAC VIII will primarily lead Seed and Series A rounds, with initial investments ranging from $1 million to $15 million. Its first investments include Enact Intelligence, which develops force intelligence technology for robotics; Helical, which is building a virtual AI lab for drug discovery; and Arlequin AI, which is developing an AI architecture to protect critical systems.

Investors in the fund include Aviva Investors, Flexstone Partners and KfW. The firm previously invested in companies including Mistral AI, Proxima Fusion, N26 and Basecamp Research.