Adara Ventures announced the first close of its fourth flagship fund, AV4, with €100 million in commitments, focusing on investments in cybersecurity, AI, and digital health.
Target Information
Adara Ventures successfully concluded the first close of its fourth flagship fund, AV4, in March 2025, achieving €100 million in capital commitments. This fund focuses on high-impact sectors including cybersecurity, applied AI, digital infrastructure, hardware components, digital health, and space technology. The enthusiastic support from over 130 limited partners, including new anchor investors, is indicative of Adara's strong value proposition and market reputation.
Notably, the fund aims to cultivate 'Dragons'—companies capable of returning the full value of the fund—rather than simply pursuing 'Unicorns,' which has been a hallmark of Adara's past performance. Each of the previous funds has successfully generated at least one Dragon, showcasing the team's ability to identify and nurture high-potential investments.
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Transaction Size: $30M