Monte Carlo Capital Closes €13M Deeptech Fund
Monte Carlo Capital has completed a €13M first close for its second early-stage deeptech, AI and spacetech fund.
European venture capital is becoming more specialised at both ends of the market.
What happened
Monte Carlo Capital announced a €13 million first close of its second fund, targeting a larger final close.
The vehicle focuses primarily on early-stage deeptech, AI and space companies.
It has already begun deploying capital.
Why it matters
Europe's largest funding headlines increasingly come from mega-rounds and growth funds.
But those companies need earlier specialist investors willing to finance technical risk before commercial traction is obvious.
Small seed funds can therefore play an important role in building the pipeline.
The bigger picture
Deeptech investing requires a different risk tolerance from conventional software.
Longer development cycles, hardware costs and scientific uncertainty mean early investors often need specialised expertise.
Monte Carlo Capital's new fund reflects continued appetite for that niche despite broader capital concentration.