welcome to our october newsletter

This month, we welcomed Valink Therapeutics to the redalpine portfolio, celebrated new funding for 011h, hit the stage at Sifted Summit, hosted a fireside chat and lab tour with Proxima Fusion, and much more! Read on for all of our updates...

portfolio funding

Valink Therapeutics raises $11.8M to rethink how complex diseases are treated 

Many modern treatments are designed to target disease more precisely - but too often, they still fall short: some don’t work well enough, others come with harsh side effects, and many only help a narrow group of patients.

Valink Therapeutics (RAC VII) tackles this challenge head-on with their bispecific ADCs (bsADCs) engineering platform. Their modular platform and proprietary V-GATE™ framework uncover rare biological target synergies, allowing the engineering of bsADCs that maximize efficacy at reduced and tolerable doses, broaden patient access into hard-to-treat, heterogeneous indications, and overcome resistance mechanisms through synergistic targeting.

Uniquely, Valink’s platform allows the lego-like modular assembly of novel bsADCs with systematic high-throughput data generation and functional screening - enabling the cost-efficient evaluation of thousands of bsADC constructs per week. This data-centric approach uncovers novel combinations with superior therapeutic profiles.

We’re delighted to lead Valink’s $11.8M funding round, with LongeVC and Oxford Science Enterprises joining, and with renewed participation from RV Invest, p53 Invest, and Hoxton Ventures. As a next step, founders Arne Scheu (CEO) and Irsyad Khairil (CTO) will focus on building out new partnerships and accelerating their UK and US expansion. Read more here.

011h raises €20M to scale digital, industrialised construction

Construction is still one of the world’s most inefficient industries, plagued by fragmented workflows, delays and material waste. 011h (RAC VI) is changing that with their fully digital, end-to-end approach, from design to pre-fabrication to on-site assembly, cutting costs, accelerating timelines, and delivering higher-quality buildings.

We first led 011h’s Series A when they just completed their first small building. Today, thanks to the outstanding execution of Lucas, Jose, Josep, and Carlos the company has scaled to six large projects under way (€50M in volume), with commitments already doubling to €100M for next year.

This round validates the mission we backed early on: industrialised construction works and is faster, cheaper, and better. Read more here.

portfolio news

The latest updates from our portfolio, in no particular order:

• Apaleo (RAC III) announced the successful launch of its project with Valk Exclusief, the Netherlands’ largest independent full-service hotel group, to power the digital transformation of all 43 of the group's hotels. Read more here. 

• Dunia (RAC VII) launched IRIS Gen 3, its self-driving lab that bridges AI and the physical world to accelerate materials discovery. By running hundreds of experiments daily, Dunia turns decades of research into days, ushering in a new era of energy innovation.

  
  

event highlight

Europe’s growth capital challenge - insights from the Sifted Summit

At this year’s Sifted Summit in London, redalpine GP Sebastian joined Anne Germain (BPI France), Christine Hockley (British Business Bank), and Morgan Kessous (Revaia) to discuss one of Europe’s most pressing issues: the shortage of growth capital.

Here are some key takeaways:

• While Europe produces world-class science, engineering talent, and founders, it still lags the U.S. by roughly $300B in growth funding since 2015. The result: many of Europe’s most promising startups either sell early or seek capital abroad.

• If just 1% of European pension capital were allocated to venture and growth funds, we could transform the landscape - funding not just the top 1% of startups, but the top 10%.

• Public-private coordination is starting to move in the right direction (Germany’s WIN initiative is one example). But we need more: more boldness, more alignment, and more long-term thinking.

  
  

We also hosted an ecosystem dinner on the eve of the Summit, bringing together top UK founders and angel investors to exchange perspectives on what’s working, what’s not, and where Europe needs to push harder. One year after opening our London office, we're excited to further double down on the UK and increase our local presence.

Building Europe’s first trillion-dollar company - redalpine + Proxima Fusion at Bits & Pretzels

We recently hosted an exclusive evening in Munich together with Proxima Fusion (RAC VII), Europe’s leading private fusion energy venture. Founders, scientists, and LPs joined us for a behind-the-scenes lab tour and a fireside chat with Francesco Sciortino (Proxima Fusion CEO & Co-founder) and our GP Harald, exploring how category-defining European companies are being built at the connection of software and science. Watch Harald's full interview with Francesco here. 

team update

For nearly four years, Rafael has brought our Investor Relations function to the next level - strengthening global LP relationships, driving investor education, and representing redalpine with integrity and enthusiasm. Now, we’re delighted to announce his promotion to Partner and Head of Investor Relations. Congratulations on this well-deserved achievement, Rafael!