Skip to content
    Adara Ventures logo

    Adara Ventures

    Madrid, SpainFounded 2005

    Adara Ventures is a European venture capital firm specializing in early-stage deep tech investments. Their strategy involves partnering with exceptional early-stage European founders targeting global B2B markets, focusing on sectors like cybersecurity, applied AI, digital infrastructure, hardware components, digital health, space, and energy transition. They aim to back visionary founders with proven products ready to scale, seeking "dragons"—companies capable of returning the entire fund.

    30% of their portfolio is in Cybersecurity. Deal activity increased 450% year-over-year (11 deals in the last 12 months). Average disclosed round size is $27.9M (across 20 rounds with reported amounts).

    Find people at Adara Ventures on Goldilocks AI

    Portfolio

    23

    Fund Size

    $350M

    Top Stage

    Seed

    Last 12 Mo

    11

    Team

    NG

    Nico Goulet

    Founding Partner

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    23 investments
    CompanyRoundAmountDate
    SatVu logoSatVuUnknown$40MFeb 2026
    AppFactor logoAppFactorSeed$4MFeb 2026
    Articul8 logoArticul8Series BJan 2026
    Articul8 logoArticul8Series BJan 2026
    AArticul8 AISeries B$70MJan 2026
    Wodan AI logoWodan AIPre-Seed$2MDec 2025
    Kimera Technologies logoKimera TechnologiesSeed$2MDec 2025
    Adcities logoAdcitiesSeed$3MDec 2025
    TandemTrace logoTandemTraceSeedJul 2025
    TuringDream logoTuringDreamSeed$6MJul 2025
    Acoru logoAcoruSeed$4MApr 2025
    Corinex logoCorinexUnknown$30MApr 2025
    Cyber Guru logoCyber GuruSeries B$23MOct 2024
    Caravelo logoCaraveloSeries A$3.5MSep 2023
    IOMED logoIOMEDSeries A$10.8MSep 2023
    XXonaiSeed$3.5MJun 2023
    SSeedtagGrowth$250MJul 2022
    SSeedtagSeries B$40MSep 2021
    42Crunch logo42CrunchSeries A$17MMay 2021
    4iQ logo4iQSeries C$30MOct 2020
    CounterCraft logoCounterCraftSeries A$5MJun 2020
    XYZ Reality logoXYZ RealitySeries A$5.7MMar 2020
    Scalefast logoScalefastSeries A$8MJun 2018

    Top Co-Investors

    Benhamou Global Ventures2 shared
    British Business Bank1 shared
    noa1 shared
    Stellar Ventures1 shared
    Begin Capital1 shared
    DigitalBridge1 shared
    JME Ventures1 shared
    Scalefund1 shared
    Bonsai1 shared
    Acurio Ventures1 shared
    Addendum Capital1 shared

    Last updated: 12 April 2026