Monte Carlo Capital lands $15M first close for DeepTech Fund II
What's the deal? Monaco-based Monte Carlo Capital (MCC)Dealroom has a profile for this one. Try Dealroom → has raised a €13 million ($15 million) first close of Fund II, targeting a final size of €26 million ($30 million). The venture firm invests primarily at Seed in DeepTech, AI, SpaceTech, and enterprise software.
Why now? The close follows Fund I, which wrapped at over €11 million in 2025. Most Fund I limited partners have recommitted, and Fund II has already made five investments.
What's the endgame? MCC combines a lean fund with co-investment SPVs to back companies early and continue supporting them as they scale. "We only invest where we see a credible path to a multi-billion-dollar outcome," says founder and managing partner Ian Sosso.
The firm was founded in 2009 by Sosso, a former angel investor who led over 50 syndicates. The European Business Angels Network (EBAN)Dealroom has a profile for this one. Try Dealroom →, where he sits on the board, named him Best European Early-Stage Investor in 2019.
By the numbers: MCC's portfolio includes StarCloud, valued at €2 billion ($2.3 billion) and the fastest Y Combinator company to reach unicorn status, and Scout AI, which raised a €357 million ($400 million) Series A.
The signal: MCC's close lands amid steady European fundraising around DeepTech and AI in 2026. Recent vehicles include 360 Capital's €85 million Poli360 2 fund, Merantix CapitalDealroom has a profile for this one. Try Dealroom →'s €103 million AI fund, Transition VenturesDealroom has a profile for this one. Try Dealroom →' €128 million Fund II, and Elaia's €134 million DeepTech Seed fund — together roughly €532 million in disclosed capital.
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