{
  "id": 13132066,
  "title": "Monte Carlo Capital raises €13 million for Fund II to invest in early-stage DeepTech, AI and SpaceTech",
  "url": "https://urgent.news/2026/10/09/monte-carlo-capital-raises-13-million-for-fund-ii-to-invest-in-early",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T14:07:44.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/10/monte-carlo-capital-raises-e13-million-for-fund-ii-to-invest-in-early-stage-deeptech-ai-and-spacetech/"
  },
  "original_language": "en",
  "account": "Monte Carlo Capital, a Monaco-based early-stage venture firm specializing in DeepTech and tech-enabled innovators, has announced the successful first close of €13 million ($15 million) for Fund II. This capital injection follows the completion of Fund I, which raised over €11 million in 2025. Most of the investors in Fund I have committed their funds again for Fund II, and the firm has already made five investments using this capital. Monte Carlo Capital's founder and Managing Partner, Ian Sosso, emphasized that reaching a $15 million first close on Fund II is a strong endorsement from investors. He stated that their investment strategy remains focused on securing early positions on successful cap tables, collaborating with leading venture capitalists, and continuing to support their best companies as they scale through their Special Purpose Vehicles (SPVs). The firm only invests where they perceive a viable path to a multi-billion-dollar outcome. This announcement of Fund II's first close aligns with the ongoing fundraising efforts by European venture capital firms targeting DeepTech, AI, and other emerging technologies in 2026. Other notable fund announcements include Munich-based Vanagon Ventures' €20 million fund for pre-Seed DeepTech and AI startups, London-based Project Ventures' €5.8 million vehicle for university-linked ventures, and Ruya Ventures' €43 million DeepTech fund. Larger vehicles include Paris-based 360 Capital's €85 million Poli360 2 fund, Berlin-based Merantix Capital's €103 million AI fund, London-based Transition Ventures' €128 million Fund II, and French VC Elaia's €134 million DeepTech Seed fund. Collectively, these announcements represent roughly €519 million in disclosed fund capital, which increases to €532 million when including Monte Carlo Capital's latest first close.",
  "summary": "Monte Carlo Capital (MCC), the Monaco-based early-stage venture firm investing at Seed in DeepTech and tech-enabled innovators, today announced a €13 million ($15 million) first close of Fund II, with a target of €26 million ($30 million). This comes after the close of Fund I at over €11 million in 2025 – as reported by […] The post Monte Carlo Capital raises €13 million for Fund II to invest in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}