Adara Ventures, the Madrid-based VC firm, has announced the first close of its fourth flagship fund, AV4, with a target of €100 million in capital commitments.
AV4 reinforces Adara Ventures' focus on strategic sectors including cybersecurity, applied AI, digital infrastructure, hardware components, digital health, and space.
The firm has also secured over €140 million in commitments for Adara Ventures Energy (AVE), its Pan-European fund dedicated to energy transition technologies.
Adara Ventures has invested in over 50 companies, including notable exits such as AlienVault, PlayGiga, and Seedtag.