Europe invests billions into early-stage climate startups, only to watch too many fail at Series B, according to a recent report. But new funds are being raised to fill this gap, and Spain-based Mundi Ventures’ latest fund, Kembara Fund I, is one of them. After securing a €350 million commitment from the European Investment Fund under the European Tech Champions Initiative in 2024, Mundi Ventures has just completed a €750 million first close for Kembara, its fifth fund and largest to date. Regulatory f ...