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Monte Carlo Capital reaches 15 million dollar first close for Fund II

The Monaco-based early-stage venture firm has reached a first close for its second fund to back deeptech, artificial intelligence, and spacetech startups.

FTMQ Startups, written by our newsroom0 views

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Picture: EU-Startups

Monaco-based early-stage venture firm Monte Carlo Capital has announced a 13 million euro, or 15 million dollar, first close for Fund II, EU-Startups and Dealroom both reported. EU-Startups added that the firm aims for a final target of 26 million euros, or 30 million dollars, for the vehicle. [1][4]

The fund backs seed-stage startups working in deeptech, artificial intelligence, and spacetech sectors, EU-Startups reported. Most limited partners from Fund I have recommitted to the new fund, which has already made five investments. [1]

The firm previously closed its Fund I at more than 11 million euros in 2025, EU-Startups reported. [1]

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In short

  • Monte Carlo Capital secured a 13 million euro first close for Fund II.
  • Fund II targets a final size of 26 million euros.
  • The new vehicle has already made five investments.
  • Monte Carlo Capital closed Fund I at over 11 million euros in 2025.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]Monte Carlo Capital raises €13 million for Fund II to invest in early-stage DeepTech, AI and SpaceTechEU-Startups, 12h ago (the report this story comes from)
  2. [2]Aphias Capital Closes Oversubscribed $1.05 Billion Fund IPulse 2.0, 1d ago
  3. [3]Generate Capital And KeyState Close $154.5 Million Community Solar Tax Equity FundPulse 2.0, 4h ago
  4. [4]Monte Carlo Capital lands $15M first close for DeepTech Fund IIDealroom, 11h ago

Background

  1. [5]Monte Carlo Casino on Wikipedia
  2. [6]Allianz on Wikipedia
  3. [7]List of unicorn startup companies on Wikipedia
  4. [8]British Business Bank commits 10 million pounds to Fuel Ventures funds FTMQ Startups, 3d ago

Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Earlier reports of ours on the same people and subjects.

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