Monaco’s Monte Carlo Capital closes €13M Fund II for DeepTech, AI
Monaco-based early-stage venture firm Monte Carlo Capital has closed a €13 million Fund II to invest in Seed-stage DeepTech, AI and SpaceTech startups.
The fund continues the firm’s focus on tech-enabled innovators, according to a statement published by eu-startups.com. The raise follows a broader trend of European funds targeting similar sectors, including Uplift Ventures, which debuted a €100 million fund last month for late Seed and Series A deeptech startups in Europe.
While some AI seed rounds have reportedly reached higher benchmarks, Monte Carlo Capital’s fund reflects ongoing activity in early-stage funding for capital-intensive sectors. The firm’s Monaco base may position it to support startups in the region, though no specific limited partners or portfolio companies were disclosed in the announcement.
Sources: eu-startups.com
“A €13M fund from a Monaco-based firm signals continued interest in seed-stage DeepTech and AI across Europe.”
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