Adara Ventures, a leading European venture capital firm specializing in early-stage deep tech, has announced the first close of its fourth flagship fund, AV4, targeting €100 million in capital commitments. This milestone strengthens Adara’s focus on cybersecurity, applied AI, digital infrastructure, hardware components, digital health, and space, reinforcing its track record of delivering high-value investments.
Nico Goulet, Founding Partner of Adara Ventures, stated that securing €140 million across its fourth-generation funds, including Adara Ventures Energy (AVE), in a challenging fundraising climate underscores the firm’s disciplined strategy and strong DPI record. With a commitment to backing ‘dragons’ — companies that return the entire fund, Adara remains a driving force in Europe’s deep tech ecosystem.
Adara has invested in over 50 pioneering companies, with 10+ successful exits, and continues to actively invest from AV4 and AVE, with plans to finalize three investments in each fund by mid-2025. Both funds remain open to new investors.
