Spring has officially sprung, and with it come milestones, expansions, and industry insights from redalpine and our founders. From a new unicorn in our portfolio, to takeovers, event highlights, and more, it's been a bumper month! Read on for all our updates...
portfolio announcements
introducing the latest unicorn in the redalpine portfolio
This month, we celebrated a major milestone from the redalpine portfolio: Araris Biotech AG was acquired by Taiho Pharmaceutical in a deal valued at $1.14 billion! We are delighted to see a homegrown Swiss biotech platform company reach unicorn status.
We are especially proud of this exit considering the phase that Araris is in - still at a pre-clinical study phase. The scale of this exit at such an early stage is a testament to the strength of the Araris team and their technology. It underscores the groundbreaking impact of Araris' proprietary antibody-drug conjugate (ADC) platform technology, which is revolutionizing the targeted treatment of cancer.
Araris’ proprietary AraLinQ™ platform enables site-specific, highly stable, and efficient ADCs aiming to improve both safety and efficacy in oncology treatments. This acquisition further validates the strength of Araris' technology and its transformative potential in cancer therapy.
At redalpine, we take immense pride in being the first-check investor in Araris back in 2019. From the earliest days, the redalpine team, led by our Founding Partner Michael Sidler, has worked closely with the Araris founders, supporting their journey to becoming a global leader in ADC technology. Read more here.
9fin acquires bond radar to expand global debt market coverage
Intelligence in global debt markets is getting supercharged! We're excited to share that 9fin, the AI-powered analytics platform for debt capital markets, has acquired Bond Radar Ltd, an intelligence and data provider for the international bond and loan markets.
This strategic move deepens and broadens 9fin’s coverage across investment grade debt and emerging markets, adds 20 years of historical data, and strengthens its position as the go-to platform for debt market professionals globally.
As 9fin CEO Steven Hunter puts it: “This acquisition is a step towards our ambitious vision of being the number one provider of debt market intelligence.”
It’s a powerful next chapter following 9fin’s $50M Series B last year - and a strong signal of what’s ahead. We're proud to continue supporting founders Steven, Huss E., and send our congratulations to the entire team for bringing much-needed innovation into one of the most complex corners of finance! Read more here.
portfolio news
The latest updates from our portfolio, in no particular order:
Apaleo (RAC III) has launched Agent Hub, the first AI agent marketplace for the hospitality sector. The platform allows hoteliers and developers to build, discover, and deploy AI-powered agents that streamline operations, enhance guest experiences, and boost profitability. Read more in Hospitality Net.
Klarna (Summit Fund) has specified its IPO plans, filing its prospectus for a U.S. stock market debut. The company reported a 24% revenue increase to $2.8 billion last year, along with a return to profitability, posting a $21 million profit. With 93 million active users globally and an estimated valuation of $15 billion, Klarna is positioned to make a strong entry into the public markets. Read more in Bloomberg.
N26 (RAC II) is expanding beyond banking. With more than five million users, the fintech is now venturing into mortgages and mobile contracts. After successfully issuing over half a billion euros in home loans in the Netherlands, N26 is considering expanding this offering to other markets. Co-founder Valentin Stalf sees this as part of a bigger shift: “We want to create a seamless digital experience beyond banking.” Tune in to this OMR Podcast for more info.
Proxima Fusion (RAC VII) officially opened its new lab in Munich - a major milestone on the path to building the world’s first commercial Stellarator fusion power plant. With strong backing from the Bavarian Government, the launch brought together 150+ leaders across tech, policy, and investment to discuss building Europe's first trillion dollar company.
redalpine family day 2025
On March 6, we brought together our founders, LPs, and global team for our annual Family Day in Zurich. Here are some key takeaways from the event:
redalpine Highlights & Fund Updates: We reflected on a milestone year – now with a presence in Zurich, Berlin, London, and Silicon Valley, 40+ team members, and 100+ portfolio companies.
Market Outlook & VC Opportunities: From the rapid pace of AI to shifting geopolitics, we explored where venture is heading and why Europe’s frontier tech scene is primed for success.
Portfolio Success in Challenging Times: In tough market conditions, quality shines. Our Portfolio Success program supports our companies to scale and thrive, featuring Lakera, Aktiia, and 9fin.
New Frontiers in AI and Beyond: We explored the exponential power of AI with Proxima Fusion, Knowunity, and Dunia. We also introduced our newest AI-native investments Albatross AI, ExpressionEdits, Basecamp Research, and spotlighted frontier technologies like Level Zero Health and Magdrive.
We wrapped up the day with networking and fantastic food and drinks from our portfolio partners at dropz AG, Luya, and SWAP Food.
Thank you to everyone who made Family Day so special. We’re energized for the future and more committed than ever to #empoweringGameChangers. Until next year!
event highlights
redalpine at START Summit
redalpine kicked off the START Summit in St. Gallen, teaming up with Balderton Capital for an dinner in a traditional Swiss setting. The room was filled with some of the brightest minds in tech, VC, AI research, and policy, sparking inspiring conversations about the future of technology and investment.
The evening featured a fireside chat with Francesco Sciortino, CEO and Co-Founder of Proxima Fusion, alongside Gianmarco from redalpine. They delved into the journey of bringing clean, safe, and abundant fusion energy to the world. Just one year after redalpine led Proxima’s $20M seed round, the company has made incredible strides toward making fusion energy a reality.
The insights shared and the energy in the room made it a truly unforgettable evening. We’re more excited than ever for the future of fusion energy and the innovations to come.
what we're reading
It’s time for Europe’s deep tech companies to go big - Financial Times
Why it matters: European deep tech companies must scale up to compete globally and reassert technological sovereignty. Munich is emerging as a hub for AI, fusion energy, quantum computing, and space startups. As geopolitical and economic pressures mount, Europe faces a pivotal moment: It must embrace innovation, foster cross-border collaboration, and unlock funding to build the next generation of global tech leaders.
where we're going
HTGF Medtech Pitch Day 2025 (April 2, Lübeck) – Florian will attend the HTGF Medtech Pitch Day, an event hosted by High-Tech Gründerfonds that will showcase innovations in medtech and connect startups with investors and industry leaders.
ReCare AI Summit (April 7, Berlin) – Daniel will attend the ReCare AI Summit, a key gathering of experts at the intersection of AI and healthcare.
Venture SPRIND 2025 (April 8, Berlin) – Daniel will join Venture SPRIND 2025, an event focused on groundbreaking innovations and deep-tech entrepreneurship.
German-Danish Evening on Digital Health (April 9, Danish Embassy, Berlin) – Daniel will attend this exclusive networking event at the Danish Embassy, fostering cross-border collaboration in digital health.
Deep Tech Momentum (May 13-15, London) – Harald, Mira, and Michael will attend Deep Tech Momentum, a key event focusing on the latest advancements in deep tech.
Super Venture 2025 (June 3, Berlin) – redalpine is partnering with IQ Capital, VSquared, Elaia, Quantonation, and Walden Catalyst to host the second edition of our Connecting Deep Tech series.