Mundi Ventures Closes €750M DeepTech Fund for European Scaling

European deeptech has received a massive vote of confidence today as Spain’s **Mundi Ventures** announced the final close of its new **€750 million fund**. This is one of the largest specialized deeptech funds raised in Europe to date, and its focus is clear: providing the "growth capital" needed to prevent Europe’s most promising quantum and climate startups from decamping to Silicon Valley.

The "Series B Gap"

Historically, European startups have excelled at early-stage research and development but have struggled to raise the massive Series B and C rounds (typically $50M - $200M) required to build manufacturing plants or global sales teams. Mundi Ventures’ new fund specifically targets this "scaling gap," with a mandate to lead rounds for companies that have proven their technology in the lab and are ready for industrialization. The fund was reportedly oversubscribed, with significant backing from European institutional investors and the European Investment Fund (EIF).

Quantum and Climate Resilience

The fund will allocate approximately 40% of its capital to the **Quantum Economy**. This includes hardware startups building specialized processors (like QuantWare and ParityQC) and software firms developing post-quantum cryptography standards. The remaining 60% is earmarked for **Climate DeepTech**, focusing on next-generation materials for battery storage, long-duration energy storage systems, and AI-driven grid optimization—technologies that are critical for meeting the EU’s strict 2030 Net Zero milestones.

Sovereign Investment

Mundi Ventures partner Javier Santiso noted that the fund is as much about "technological sovereignty" as it is about financial returns. "We cannot build a resilient European economy if we rely on external powers for our fundamental compute and energy infrastructure," Santiso stated. By keeping the ownership of these "hard engineering" firms within the European ecosystem, Mundi aims to ensure that the intellectual property and manufacturing jobs created by the second quantum revolution remain in Europe.

With this new capital injection, the European tech scene is moving away from its traditional "copycat" software model and toward a future built on fundamental science and high-stakes engineering, positioning the continent as a premiere hub for the "hard" problems of the next decade.