Monte Carlo Capital Raises €13M for DeepTech Seed Fund

Monte Carlo Capital has achieved a significant first close for its second fund, amassing €13 million. This capital infusion is earmarked for early-stage ventures operating at the forefront of DeepTech, Artificial Intelligence, and Space Technology. The firm, based in Monaco, aims to reach a total fund size of €26 million. This latest fundraising effort follows the successful deployment of their inaugural fund, which closed above €11 million in 2025, demonstrating sustained investor confidence.

The firm's strategy, as articulated by founder and Managing Partner Ian Sosso, remains consistent: to secure early positions in promising company cap tables, often co-investing alongside prominent global venture capital firms. Fund II has already deployed capital into five distinct portfolio companies, reflecting an active investment pace. Sosson emphasized the firm's focus on identifying opportunities with a clear trajectory towards multi-billion-dollar valuations, a testament to their ambitious investment thesis.

This development occurs within a dynamic European venture capital environment where significant capital is being allocated to advanced technology sectors. Recent fundraising announcements highlight a broader trend, including Vanagon Ventures' €20 million vehicle for pre-Seed DeepTech and AI, Project Ventures' €5.8 million fund targeting university-linked ventures, and Ruya Ventures' €43 million DeepTech fund. Larger funds such as 360 Capital's €85 million Poli360 2, Merantix Capital's €103 million AI fund, Transition Ventures' €128 million Fund II, and Elaia's €134 million DeepTech Seed fund collectively represent substantial capital commitments to these innovation-driven fields.

Monte Carlo Capital, established in 2009 by Ian Sosso, employs a lean fund structure complemented by co-investment Special Purpose Vehicles (SPVs). Prior to founding the firm, Sosson cultivated a strong reputation as an angel investor, leading over 50 syndicates and acting as a lead investor in rounds up to Series B. His extensive experience is further recognized by his role as a board member of the European Business Angels Network (EBAN), which honored him as the Best European Early-Stage Investor in 2019.

Fund II will primarily focus on Seed-stage investments, with selective participation in pre-Seed and Series A rounds. The investment mandate spans critical sectors including DeepTech, AI, SpaceTech, and enterprise software solutions. The firm's existing portfolio already features notable successes, such as StarCloud, which achieved unicorn status rapidly after its inception and is now valued at approximately €2 billion, and Scout AI, which reportedly secured the largest DefenseTech Series A funding in US history at €357 million. These early wins underscore Monte Carlo Capital's ability to identify and support high-growth potential companies.