European venture capital firm redalpine announced on Tuesday the final close of its early-stage fund. The fund, redalpine capital VIII (RAC VIII), closed oversubscribed at $250 million. That reflects continued investor appetite for companies building on advances in software and science.

RAC VIII is the latest fund in redalpine’s platform built to back European technology companies from Seed to IPO. In total, redalpine now manages over $1.4bn in assets.

Two decades of frontier technology

Founded in Zurich in 2006, redalpine has spent two decades investing in frontier technologies before they became established venture themes. These include fusion energy, AI, robotics, and biotechnology. Half of redalpine’s investment team are trained scientists, including biologists, physicists, and engineers.…