Spain-based deeptech and climate megafund Kembara has just reached a major milestone in its fundraising efforts, closing its first round with an impressive €750 million. This brings the fund one step closer to its ultimate goal of €1 billion, solidifying its position as a major player in the deeptech and climate investment space.
Kembara, which means “journey” in Malay, was founded in 2020 by a team of experienced entrepreneurs and investors with a shared vision of driving positive change through technology and innovation. The fund focuses on investing in early-stage startups that are developing cutting-edge solutions to address some of the world’s most pressing challenges, particularly those related to climate change.
The fund’s first close was led by a group of prominent investors, including the European Investment Fund, the Spanish government’s venture capital arm, and several family offices and high-net-worth individuals. This strong show of support from a diverse group of investors is a testament to Kembara’s potential and the growing interest in deeptech and climate investments.
Kembara’s unique approach to investing sets it apart from traditional venture capital funds. The team places a strong emphasis on impact, seeking out startups with a clear mission to create positive change in the world. This aligns with the growing trend of impact investing, where investors are not only looking for financial returns but also want to make a positive impact on society and the environment.
The fund’s investment strategy also sets it apart. Kembara focuses on deeptech, which refers to startups that are developing highly technical and disruptive solutions using cutting-edge technologies like artificial intelligence, blockchain, and biotechnology. This focus on deeptech allows the fund to identify and support game-changing innovations that have the potential to transform industries and create a more sustainable future.
In addition to deeptech, Kembara also has a strong focus on climate investments. The fund recognizes the urgent need to address climate change and is committed to supporting startups that are developing solutions to mitigate its effects. This includes startups working on renewable energy, sustainable agriculture, and circular economy solutions, among others.
Kembara’s first close is a significant achievement, especially considering the challenging economic climate caused by the ongoing COVID-19 pandemic. It demonstrates the resilience and potential of the deeptech and climate sectors, as well as the confidence investors have in Kembara’s team and investment strategy.
With this first close, Kembara is now well-positioned to continue its journey towards its ultimate goal of €1 billion. The fund plans to use the capital to invest in a diverse portfolio of startups, providing them with the necessary support and resources to scale and succeed. This includes access to a global network of mentors, industry experts, and potential partners, as well as hands-on support from the Kembara team.
The fund’s impact-driven approach also means that it will not only focus on financial returns but also measure and report on the social and environmental impact of its investments. This transparency and accountability are crucial in driving positive change and attracting more investors to the impact investing space.
Kembara’s success also bodes well for the deeptech and climate investment landscape in Spain and Europe as a whole. It highlights the region’s potential to become a global leader in these sectors and attract more capital and talent to drive innovation and create meaningful impact.
In conclusion, Kembara’s first close of €750 million is a major achievement for the fund and the deeptech and climate investment space. It showcases the growing interest in impact investing and the potential of deeptech and climate startups to drive positive change. With its unique approach and strong support from investors, Kembara is well on its way to reaching its €1 billion target and making a significant impact in the world. We can’t wait to see what this journey holds for Kembara and the startups it supports.
