Adara Ventures, the Madrid-based VC agency specialising in early-stage DeepTech investments, right this moment introduced the primary shut of its fourth flagship fund, AV4, focusing on €100 million in capital commitments.
This new fund reinforces Adara’s dedication to delivering sturdy returns in strategic sectors, together with cybersecurity, utilized AI, digital infrastructure, {hardware} parts, digital well being, and area.
“We’re immensely proud to announce the profitable first shut of AV4,” mentioned Nicolas Goulet, Founding Accomplice of Adara Ventures. “Over the previous 9 months, we now have secured in extra of €140 million in commitments throughout our fourth-generation funds. Alongside AV4, this consists of Adara Ventures Vitality (AVE), our first Pan-European fund devoted to vitality transition applied sciences. In some of the difficult fundraising environments of the previous 20 years, our sturdy DPI document, disciplined funding technique, and centered fund mannequin make AV4 a compelling alternative for our restricted companions.”
Based in 2005 by Alberto Gómez and Nicolas Goulet, the agency manages greater than €350 million in property. Adara’s portfolio focuses on early-stage corporations with a European footprint, specialising in cybersecurity, knowledge functions and infrastructure, {hardware} parts, digital well being, area and vitality transition applied sciences.
Gómez Co-leads Adara’s Vitality Transition Fund, bringing intensive funding and operational expertise in cybersecurity, analytics, and software program. Goulet Co-leads Adara’s Seed fund. Previous to founding Adara, he was a Founder, operator, and technique advisor.
Since its inception, Adara Ventures has invested in over 50 pioneering corporations throughout Europe and the U.S., reaching greater than 10 notable exits. These embrace AlienVault (acquired by AT&T), PlayGiga (acquired by Meta—the first-ever Spanish startup purchased by Fb), and Seedtag (acquired by Creation Worldwide).
Its present portfolio consists of high-growth corporations similar to Quibim (Spain), Cyber Guru (Italy), and SatVu (UK).
Goulet continued: “In a sector obsessive about unicorns, our philosophy has at all times been to maximise ‘dragons’—corporations that return all the fund. We’re proud to have generated at the least one dragon in every of our earlier fund generations, with AV2 poised to rank among the many high 5% of VC funds in Europe for its classic.”
Adara is backed by over 130 restricted companions, together with institutional buyers, pension funds, asset managers, high-net-worth people, and household workplaces.
“We’re particularly proud to welcome new anchor buyers on this first shut, in addition to a brand new technology of Adara portfolio founders investing as LPs —a real testomony to the power of our worth proposition,” Goulet added.
Adara is now actively investing from AV4 and AVE, with plans to finish the primary three investments in every fund inside the first half of 2025. Each funds stay open to new buyers.
