European Deep Tech · Series B & C

Scale capital for Europe’s
defining deep-tech companies.

Kembara partners with proven science and engineering companies at the point of scale, leading growth rounds and helping build global leaders.

Featured Reverion Series B: Clean, firm power is here today, and it’s European. Read thesis »
Europe
Geography
Series B & C
Stage
Lead cheques
Investment role
Deep tech
Science + engineering
Investment Experience
Quantum Motion
Palantir
OpenAI
Lilium
Graphcore
RobCo
Ceres Power
Hysata
Quantum Motion
Palantir
OpenAI
Lilium
Graphcore
RobCo
Ceres Power
Hysata
Investment Approach

Built for the point where deep tech has to scale.

Europe does not have a science problem. It has a scale-up problem.

Deep tech is the defining investment theme for the next decade. The world's most critical imperatives—from sovereign AI compute and clean energy to autonomous robotics and space infrastructure—will not be solved by software alone.

European universities and research institutions produce world-class breakthroughs, but early-stage success too often hits a financing wall when it is time to build factories, scale complex supply chains, and compete globally.

Kembara exists to bridge this specific gap: dedicated scale-up capital and active conviction to take companies from verified technological breakthrough to global industrial dominance.

28%
Europe produces 28% of global deep tech innovation, yet only 3% of European deep tech companies successfully raise Series B or C rounds.
State of European Tech · Scale-Up Gap Analysis 2026
€1Tn+
Public and private capital committed toward European industrial resilience, making dedicated growth-stage lead capital the decisive bottleneck.
European Scale-Up Financing Analysis · 2026

Focus Areas

AI & Computing

New architectures, compute systems and intelligence for the physical world.

The physical limitations of current compute and exponential AI energy requirements demand a paradigm shift: from silicon-spin quantum processors and photonics to analog compute and domain-specific AI for physics, material design, and chemistry.

Climate & Energy

Engineering the systems behind abundant, resilient clean energy and industrial decarbonisation.

Overcoming decarbonisation bottlenecks through fundamental engineering: fusion and next-gen fission, long-duration energy storage, grid management, hydrogen production, and sustainable heavy-industry transitions.

Robotics & Automation

Autonomous systems transforming industrial capability, productivity and resilience.

Demographic contractions and sovereign supply chain resilience require next-generation physical autonomy: advanced industrial manipulators, vision-guided automation, and collaborative field robotics.

Space & Aerospace

Infrastructure and technology for a new industrial era in orbit and aviation.

Critical dual-use infrastructure: next-generation propulsion, responsive launch systems, low-Earth-orbit communication constellations, and zero-emission aviation platforms.

Portfolio

Companies turning technical breakthroughs into global industries.

Backing Europe's category-defining deep-tech leaders at the point of scale.

The Team

Javier Santiso

Partner
25+ years experience. Former CEO of Khazanah Europe, Founder/CEO Mundi Ventures (€1.5B AUM).

Investments: Palantir, Submer.

Yann de Vries

Partner
25+ years experience. Former Partner at Atomico and VP Corporate Development at Lilium.

Investments: Lilium, SpaceX, OpenAI, Groq, Anduril.

Robert Trezona

Partner
25+ years experience. Founder of Kiko Ventures and former Head of Cleantech at IP Group.

Investments: Ceres Power, Hinge Health, Hysata, OxCCU.

Pierre Festal

Partner
20+ years experience. Partner at Promus Ventures, former Portfolio Manager at ACE & Company.

Investments: The Exploration Company, Fernride, RobCo.

Siraj Khaliq

Senior Strategic Advisor
25+ years experience. Founder & CTO of The Climate Corporation ($1.1B acquisition). Former Partner at Atomico.

Investments: PsiQuantum, Graphcore, CloudNC.
Perspectives

What we're excited about.

Clean, firm power is here today, and it’s European

“Magic” technology from TUM provides the missing link in clean energy. Spun out of the Technical University of Munich, Reverion has created an ultra-efficient, reversible gas-to-power system that is modular, dispatchable, and captures its own CO₂.

Read thesis »
The case for scalable silicon quantum computing

Quantum computing is set to follow AI as the defining hardware revolution, but power demands and cryogenic complexity threaten superconducting machines. Why silicon-spin qubits in standard CMOS foundries solve the scale bottleneck.

Read thesis »
Europe’s deep-tech scale-up opportunity

Europe produces 28% of world-class deep tech research but suffers a 97% growth-stage financing drop-off. How a dedicated €1Bn growth fund bridges the gap from research validation to industrial primacy.

Read perspective »
All perspectives & announcements »
About Kembara

A specialist investor for Europe’s deep-tech scale-up stage.

European science is world-class. Kembara is built around the capital, judgement and operating support required when that science has to become a global company.

Institutional infrastructure

Kembara is independently positioned around its specialist deep-tech growth mandate. Its authorised Management Company is Mundi Ventures, which provides the management platform, compliance rigor, and institutional infrastructure behind the fund.

Barcelona · London · Zurich

A pan-European network designed around Europe's strongest technical universities, research hubs, industrial conglomerates, and global syndication partners.