Monte Carlo Capital (MCC), a VC firm led by solo GP Ian Sosso, has successfully closed its first fund, securing €11.7 million in commitments for its hybrid investment model.
The firm has already deployed €6.5 million across 22 portfolio companies, with an additional €6.7 million invested through 10 co-investments via Special Purpose Vehicles (SPVs).
“I am thrilled to announce the successful closing of our first fund. My ambition is to build one of Europe’s top-performing seed funds. I started investing in early-stage ventures as a personal strategy because I believe that, when executed properly, it is the best-performing asset class,” said Ian Sosso, Founder of Monte Carlo Capital.
Founded in 2009, MCC focuses on Seed-stage investments in DeepTech and transformational businesses across the US and Europe. With a background as a seasoned Angel investor, Sosso has led over 50 syndicates, acting as the lead investor in multiple rounds up to Series B, deploying up to €6.4 million in a single company.
MCC takes a hybrid investment approach, allowing approximately 60% of its portfolio companies to be available for SPV co-investments. This enables Limited Partners (LPs) to gain diversified exposure, build larger positions over multiple rounds, and co-invest alongside top VC firms such as Sequoia, Insight Partners, a16z, and Thoma Bravo.
MCC’s investment strategy is split into two main areas:
- Pioneering breakthrough technologies – including AI, space, IoT, and HealthTech.
- Transformational tech-enabled businesses – covering SaaS, fintech, and marketplaces.
Notable investments include StarCloud, a SpaceTech company developing gigawatt-scale orbital data centres; Klay, an AI-powered music foundation model with backing from Universal Music; and RollStack, a SaaS platform automating document and slide creation with real-time data integration.
“I have known Ian Sosso for several years and worked with him on multiple deals, investing in four to date, two of which have already exited successfully. Ian sources unique opportunities before others see them, conducts extensive due diligence, and executes with an attention to detail rarely found among professionals,” noted one investor.
With Fund I actively investing, MCC is now preparing for its next fund launch in early 2026, targeting €30 million. The firm will continue offering co-investment opportunities to its LPs, reinforcing its role as a high-value partner to promising early-stage companies.
“We will continue co-investing alongside some of the world’s leading VCs—not as lead investors but as highly engaged and value-adding partners. Over the years, we have brought together VC syndicates, introduced chairmen, directors, and key clients. We’ve also stepped in when companies faced challenges, offering hands-on support where needed,” concluded Sosso.
