redalpine Closes $250 Million Eighth Fund, Backs Enact Intelligence, Helical and Arlequin AI

redalpine has closed its eighth early-stage fund, redalpine Capital VIII, at $250 million, with Aviva Investors, Flexstone Partners and KfW among its limited partners. Trending Topics reported the closing on November 10, 2026.

redalpine's Oversubscribed Eighth Fund

The Swiss venture capital firm finished fundraising in less than a year, and the fund was oversubscribed. It is larger than its predecessor, which reached $200 million in 2024. redalpine now manages more than $1.4 billion.

redalpine plans to put the money into about 20 European startups at seed to Series A stage, chosen from more than 5,000 companies that apply each year. Tickets range from $1 million to $15 million, and redalpine often leads the rounds. The firm targets companies at the intersection of software and science, and half of its investment team has a science or engineering background.

The first three investments from the fund are Enact Intelligence, Helical and Arlequin AI. Enact Intelligence is a Zurich robotics startup that recently raised $30 million in pre-seed funding from investors including Yann LeCun. Helical, based in London, is building a virtual AI laboratory for drug discovery, and redalpine had already led its $10 million seed round. Arlequin AI, with teams in Paris, Berlin and London, is developing an AI architecture to protect critical systems and works with authorities.

"Künstliche Intelligenz gleicht die Startbedingungen für Gründer global an," said General Partner Sebastian Becker. "Einen Vorteil hat, wer die Wissenschaft hinter dem Produkt und die schwersten Probleme am besten versteht."

Forbes reported that the fund will back 15 to 20 companies over 10 years. Arlequin AI had earlier raised €28 million in a Series A round led by redalpine and OTB Ventures, bringing its total funding to €32.4 million, according to Tech Funding News.

redalpine's Record 9fin Investment

According to akta.pro company records, redalpine backed 9fin's $170 million Series C at a $1.3 billion valuation in March 2026, the largest single investment in its history, after investing in every round since the 2021 Series A. The same records list Mistral AI at a €5.8 billion valuation and 9fin at $1.3 billion among its portfolio companies.

Deals Led Before the New Fund

In October 2026, Munich-based calliora raised $6 million in pre-seed funding led by Bertelsmann Healthcare Investments and redalpine, Tech Funding News reported. In July 2026, Berlin-based telli raised a $15 million seed round led by redalpine, with participation from Cherry Ventures and Y Combinator, bringing its total funding to $18.5 million, according to Tech Funding News.

Arlequin AI's September Series A

Arlequin AI raised its €28 million Series A in September 2026, Tech Funding News reported, with redalpine and OTB Ventures leading the round and total funding reaching €32.4 million.