Fundraising Fox

Adara Ventures

Venture capitalActively deploying

Madrid · Seed–Series A · 30 people tracked

Also known as Adara Ventures FCRE · Adara Ventures SICAR

Find your way into Adara Ventures

1,441 people in our graph share verified history with the Adara Ventures team — schools, employers, funds. One of them is your warm intro.

John Kimunlockedknows Alberto Gómez · together at Harvard Business School (overlapped)
×5knows the team · via Harvard Business School
×2knows the team · via Morgan Stanley
knows the team · via McKinsey & Company
knows the team · via The University of Chicago Booth School of Business
knows the team · via CEA (French Atomic Energy Commission)
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Investment thesis

Adara Ventures argues that as AI commoditises the surface layer of software, durable value shifts to the deeper foundations of technology: proprietary data, trust, domain expertise and physical systems. The firm focuses on this harder, more defensible ground, applying twenty years of experience to back companies at an early stage and help them grow into category-defining businesses. Its conviction-led approach emphasises technically deep and defensible opportunities rather than easily replicable software layers.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
Check
$540K – $7.6M
HQ
Madrid, ES
Leads rounds
Leads
Instruments
Equity
Founded
2004
Last 12 months
3 investments
AUM
$92M
Tracked investments
63
IPOs
1
Acquisitions
1

Team · 30 people

from the firm's website & curated & public directories
Nicolas Goulet· General Partner
Philip Zarb Mizzi· General Partner
Rahul Dandhapani· General Partner
Rocio Pillado· General Partnerin
Vandana Luchmee· General Partner
Jorge Baron· Associatein

Founder mafia

2 people who came through Adara Ventures went on to found or lead other companies.

What they invest in

from 45 of 63 portfolio companies

AI & Machine Learning ×27Enterprise Software ×19SaaS ×18Cybersecurity ×13Data & Infrastructure ×8Deep Tech ×8Cloud Computing ×6Developer Tools ×4

HQs:Spain×10United States×7United Kingdom×3Israel×1Norway×1

Who they back

founder profiles across 14 portfolio companies
57%
solo founders
8 of 14 mapped founding teams
53%
repeat founders
of 15 founders with career history

Founding team size:solo founder×82 founders×53 founders×1

Where their founders studiedfrom 12 founders with education data

Universidad Complutense de Madrid ×2University of Cambridge ×2

What their founders studiedfrom 11 founders with field-of-study data

Business & Management ×3Computer Science ×2Engineering ×2

Where their founders worked beforefrom 15 founders with career history

Feedzai ×2

Investments · 63 tracked

founders shown can be your intro path

By year:2026 · 12025 · 62024 · 22023 · 42022 · 12021 · 52020 · 32009 · 123 dated

GenasysNASDAQ: GNSSSeries A · Feb 2009 · $3M

Genasys manufactures and sells software platforms and long-range acoustic hailing devices for emergency warning, mass notification, and critical event management to government agencies, law enforcement, and enterprise organizations in sectors including utilities, manufacturing, and healthcare.

Woody NorrisRichard S. Danforth(Chief Executive Officer and Director)

Dtectdtectvision.aiin✓ verified

DtectVision develops deepfake detection technology using AI and deep learning to protect the financial sector against AI-generated fraud in digital transactions and communications.

AI & Machine LearningCybersecurityFintech

Co-investors10DTAU Ventures

Plenitplenit.comin✓ verified

Plenit operates an IT Operating Platform for the IT channel, bundling cloud services, a license marketplace, remote device monitoring and management, and go-to-market tools that IT providers use to deliver and sell services to small and mid-sized businesses.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Stéphane Chénia(Managing Director)

Co-investorsKibo VenturesBig Sur Ventures

TandemTracetandemtrace.aiin✓ verified

TandemTrace provides an autonomous layer for security operations centers (SOCs) that performs Tier 1 alert triage, threat hunting, and coverage auditing around the clock.

AI & Machine LearningCybersecurityEnterprise Software

Almog Ohayon(CEO & Founder)in

Co-investorsAcurio Ventures

42Crunch42crunch.comin𝕏May 2021 · $17M

42Crunch provides an API security platform that secures how AI agents interact with enterprise APIs.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareSan Francisco, US

Co-investorsEnergy Impact PartnersFlow Capital

Acoruacoru.comin𝕏Seed · Oct 2025 · $5M

Acoru is a fraud prevention and cybersecurity company founded by former Buguroo/Revelock leaders, focused on detecting and preventing online fraud at scale.

AI & Machine LearningCybersecurityFintech

Pablo de la Riva Ferrezuelo(Co-founder)inDavid Morán(Co-founder)in

Co-investors33NAthos Capital

Adcitiesadcities.cominSeed · Dec 2025 · $3M

AdCities operates a platform for planning, activating, and measuring out-of-home (OOH) advertising campaigns using its AI model OMI (Outdoor Media Intelligence), which combines mobility data, points of interest, and user profiles to build audiences and select media.

AdTechAI & Machine LearningMarketing Tech

Manuel Ferreira Lorenzo(Founder)in

Co-investorsBynd Venture Capital

AlienVaultatt.com

AT&T is a telecommunications provider offering wireless mobile plans, smartphones, and related connectivity services to consumers.

ConsumerHardware

Co-investorsCeltic House Venture PartnersData Point CapitalForgePoint CapitalNew Enterprise Associates (NEA)Notable CapitalGGV Capital+3 more

AlienVaultalienvault.comin𝕏

AT&T provides cybersecurity services and network security solutions for businesses, including threat detection and protection against AI and quantum computing-related threats.

Cloud ComputingCybersecurityEnterprise Software

Co-investorsCorrelation VenturesFounders Circle CapitalIntel CapitalJackson Square VenturesKleiner PerkinsNotable Capital

Apresapres.ioSeed · Jan 2021 · $2M
Articul8articul8.aiin𝕏Jan 2026

Articul8 is an enterprise generative AI platform that builds domain-specific models and autonomous agent orchestration (ModelMesh, LLM-IQ) for regulated industries such as semiconductors, energy, manufacturing/supply chain, finance, and aerospace.

AI & Machine LearningEnterprise SoftwareSaaSPalo Alto, US

Arun Subramaniyan(CEO)in

Co-investorsAditya Birla VenturesCommunitas Capital PartnersFin CapitalGS FuturesIntel CapitalMindset Venture

Beonxbeonx.comin𝕏Series A · Jan 2020 · $3M

BEONx offers an AI-powered Revenue Management System (RMS) for medium and large hotels and resorts, providing dynamic pricing, demand forecasting, segmentation, and a proprietary Hotel Quality Index (HQi) that measures market positioning.

AI & Machine LearningSaaSTravel & HospitalitySalamanca, ES

Rubén Sánchez Martín(Founder)in

Co-investorsRiverside Acceleration Capital

Big Sur Venturesbigsurventures.vcin𝕏

Big Sur Ventures is an early-stage venture capital firm that has invested since 2012 in technology startups from pre-seed through Series A.

AI & Machine LearningDeep TechQuantum Computing

Co-investorsMetavallon VC

Bigle Legalbiglelegal.comin𝕏Seed · Oct 2021 · $2M

Bigle Legal builds a Contract Lifecycle Management (CLM) platform with tools for contract automation, an electronic signature product (Bigle Sign), and a generative AI legal assistant (Libra), aimed at legal, HR, sales, and procurement teams.

AI & Machine LearningLegalTechSaaS

Co-investorsTelegraph Hill Capital

Caravelocaravelo.comin𝕏Series A · Sep 2023 · $4M

Caravelo is a travel-tech company offering subscription and membership solutions—including trip subscriptions, last-minute passes, and club memberships—for the travel industry.

Enterprise SoftwareSaaSTravel & HospitalityBarcelona, ES

José LuisIñaki

Co-investorsRiverside Acceleration CapitalRACSabadell Venture CapitalSamaipata

Constella Intelligenceconstellaintelligence.comin

Constella provides identity theft monitoring that continuously scans the surface, deep, and dark web for exposed corporate and personal credentials, infostealer logs, and leaked session cookies.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsC5 CapitalTheVentureCityBGVForgePoint Capital

Corinexcorinex.comin𝕏Apr 2025 · $42M

Corinex provides grid visibility and flexibility technology aimed at grid modernization, targeting the energy sector.

CleantechClimate TechEnergyIoT

Councilboxcouncilbox.comin𝕏

Councilbox is a SaaS platform for configuring and running remote procedures and meetings with legal validity, offering certified video conferencing and messaging, automatic minutes drafting, and Blockchain-based traceability.

GovTechLegalTechSaaS

Víctor López García(Founder)in

CounterCraftcountercraftsec.comin𝕏Seed · Jun 2020 · $5M

CounterCraft develops a deception-driven threat intelligence platform that uses deception technology to lure attackers away from critical assets while collecting actionable threat intelligence.

AI & Machine LearningCybersecurityEnterprise SoftwareSan Sebastian, ES

David Barroso(CEO and founder)inFernando Braquehais(Head of Development, co-founder)Daniel Brett(Co-founder)

Co-investorseCAPITAL ENTREPRENEURIAL PARTNERSElewitEvolution Equity PartnersIn-Q-TelWayra

Cyber Gurucyberguru.itSeries A · Jun 2021 · $4M

Co-investorsAxeleo CapitalEducapitalP101 Ventures

Fluzofluzo.comApr 2020

Fluzo provides cookie-less, cross-media advertising measurement from a single source, tracking how many people see a campaign across TV, CTV, TikTok, YouTube, Netflix and other channels.

AdTechData & InfrastructureMarketing Tech

Jose Luis Gª Muñoz(Founder)inDiego De Ávila Hernández(Founder)in

Co-investorsSeedRocketSabadell Venture Capital

Freeversefreeverse.io

Toni Mateos(Founder)

Co-investorsEarlybird Venture CapitalTarget Global

G2A Investment Partnersg2aip.com

G2A is an investment management firm that sources, structures and executes investments in technology startups offering solutions mainly to enterprise clients.

Deep TechEnterprise SoftwareWeston, US

Steve(Managing Partner)Eduardo Karrer(Managing Partner)Alcides(Managing Partner)Eduardo Borges(Managing Partner)Rudolph(Managing Partner)Americo(Managing Partner)

Idcidc.comin𝕏

IDC is a market intelligence and advisory firm that provides research, analysis, and consulting services on technology and digital transformation trends across industries and geographies.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSector Agnostic

Co-investorsMaxfield Capital

indigitallindigitall.comin

Indigitall provides AI-powered assistant technology that integrates with marketing and sales platforms to enable conversational interactions with campaign data and customer engagement tools.

AI & Machine LearningMarketing TechSaaS

Co-investorsData Point CapitalGoHub Ventures

Intelexintelex.comin𝕏Jan 2025 · $7M

Intelex provides an EHSQ (environment, health, safety, and quality) and sustainability management software platform with AI-enhanced workflows for incident management, audits, training, document control, and ESG reporting.

Climate TechEnterprise SoftwareSaaS

Co-investorsJMI EquityAcurio Ventures

IntelexVisionintelexvision.comin

IntelexVision builds Sentry, an AI-driven video analytics platform that provides anomaly detection and context-aware alerts and integrates with VMS and PSIM systems for control rooms.

AI & Machine LearningCybersecurityEnterprise SoftwareIoTLondon, GB

Callum Wilson(Co-founder, Chief Strategy Officer)inMichael Vorstman(Co-founder, Chief Financial Officer)inWill Bruce(Chief Executive Officer)inWerner Peters(Chief Product Officer)inTam Cao(Chief Technology Officer)inAlberto Croso(Chief Business Development Officer)in

Co-investorsAcurio Ventures

Iomediomed.healthin

A health data platform aligned with European Health Data Space regulations that enables secondary use of clinical data from hospitals and healthcare providers.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechBarcelona, ES

Gabriel Maeztuin

Co-investorsXTX Markets

IOMEDiomed.esinSep 2023

IOMED is a data space platform that uses AI and natural language processing to extract and structure clinical data from hospital text sources, turning it into research-ready real-world data.

AI & Machine LearningDigital HealthHealthtechBarcelona, ES

Gabriel Maeztuin

Co-investorsEASO VenturesPhilips Ventures

Jotelulujotelulu.comin

Plenit is an operating platform for IT service providers that consolidates cloud infrastructure, device management, software marketplace, and sales tools into a unified interface for managing customer environments and driving margin growth.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Kimera Technologieskimeratechnologies.cominApr 2023

Kimera provides a conversational search tool for ecommerce platforms that understands product text and images to guide customers through purchase decisions using natural language, without requiring manual configuration of rules or synonyms.

AI & Machine LearningE-commerce

Co-investorsBStartup

Kompytekompyte.comin

Kompyte is a competitive intelligence platform that automatically tracks competitors across hundreds of sources and uses AI to surface actionable updates, delivering sales-ready Battlecards and win/loss analysis.

AI & Machine LearningSaaSSales Tech

Albert ColmeneroinPere CodinainSergio Ramírez Gallardoin

Co-investors500 GlobalCriteria Venture TechSwanlaab Venture Factory

LoopUploopup.comin𝕏

LoopUp is a global telecoms provider offering Microsoft Teams telephony and voice solutions, letting multinational organizations consolidate telecoms purchasing and management under a single vendor.

Cloud ComputingEnterprise SoftwareSaaSLondon, GB

Steve Flavell(Founder)in

Openbravoopenbravo.comin

Openbravo is a retail commerce software platform providing end-to-end solutions from online recommendations to inventory management and in-store transactions.

E-commerceRetail TechSaaS

Co-investorsAmadeus Capital PartnersSabadell Venture Capital

Prisma photonics monochrome blackprismaphotonics.comin

Prisma Photonics develops optical fiber sensing technology combined with machine learning to monitor large-scale infrastructure assets for utilities and infrastructure operators.

Deep TechEnergyIoT

Co-investorsFuture Energy Venturesi3 PartnersINcapital VenturesSE Ventures

Quality Cloudsqualityclouds.aiin𝕏Seed · May 2022 · $1M

Quality Clouds provides governance and scanning tools for ServiceNow platform instances, detecting configuration debt, risks, and compliance issues across instances.

AI & Machine LearningCloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareSaaS

Co-investorsYFM Equity Partners

Qualitycloudsqualityclouds.comin𝕏

Quality Clouds provides governance and code-quality tooling for enterprises building on SaaS platforms, offering visibility into platform health and vulnerabilities, remediation prioritization, and AI-powered quality automation across CI/CD stages.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareSaaSSales Tech

Quibimquibim.comin𝕏

Quibim develops cloud-based AI software platforms for medical imaging analysis that extract radiomics features and generate predictive models for healthcare providers and biopharma companies.

AI & Machine LearningHealthtechMedical Devices

Co-investorsAmadeus Capital PartnersAPEX VenturesLifeX VenturesAsabys PartnersCambridge Innovation CapitalColumbus Venture Partners+1 more

SatVusatellitevu.comin𝕏Nov 2024 · $13M

Satellite Vu captures thermal imagery from space for applications including environmental monitoring and infrastructure assessment.

Climate TechData & InfrastructureDeep TechDefense TechSpace TechLondon, GB

Anthony Baker(CEO)inToby Reinicke(Founder)Camilla(CFO)Scott

BoardPatrick

Co-investorsMolten VenturesContrarian VenturesE2MC VenturesGrit VenturesIn-Q-TelMD One Ventures+5 more

Scalefastscalefast.cominacquired by ESW

E-commerceLogistics & Supply ChainRetail TechSaaSEl Segundo, US

Nicolas Stehle(Executive Officer, Director)inOlivier Schott(Director)inPhilippe Bouissou(Director)

BoardEric Buatois(Director)in

Co-investorsBenhamou Global VenturesBGVFrench Partners

Seedtagseedtag.cominSep 2021 · $40M

Seedtag develops Neuro-Contextual Advertising, using AI to decode real-time interest, emotion, and intent so that ad targeting is based on content context rather than user tracking.

AdTechAI & Machine LearningMarketing TechNew York City, US

Jorge Poyatos(Co-founder & Chief Innovation Officer)inAlbert Nieto Riera(Founder)inAlbert Nieto(Co-founder)inBrian Gleason(Chief Executive Officer)inKartal Goksel(Chief Technology Officer)inIñigo Presmanes(Chief Financial Officer)

Co-investorsAdvent InternationalAcurio VenturesManta Ray VenturesOakley

Stratiostratio.com𝕏

Stratio provides an AI and data platform that helps regulated enterprises and public administrations operationalize trusted, AI-driven decisions with governance and control.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsCrane Venture PartnersLocalGlobe

TuringDreamturingdream.com

TuringDream is building Tau, an operational intelligence system for companies that combines large language models, reinforcement learning, and enterprise data to optimize operations, improve processes, and execute business actions.

AI & Machine LearningEnterprise SoftwareSaaSMadrid

Manuel Tarrasa Sanchez(Executive Officer)Marco Buhigas Moran(Executive Officer)Juan Moran Adarraga(Executive Officer, Director, Promoter)Jose Miguel Moran Adarraga(Executive Officer, Director)

BoardMargit Elisabeth Sander(Director)Barbara Serrano Sanchez(Director)

Wirescanwirescan.noinApr 2025

Wirescan develops LIRA® Technology for digital cable condition monitoring, helping electric cable operators assess and manage their cable network assets.

CleantechData & InfrastructureDeep TechEnergyHardwareIoT

Paolo Franco Fantoni

Co-investorsInnovation Capital

WIVI Visionwivivision.comin𝕏Feb 2024

WIVI Vision develops software and customized hardware that assess and train non-strabismic binocular vision dysfunctions using immersive 3D games, gamification, and AI.

AI & Machine LearningDigital HealthHealthtechMedical DevicesBarcelona, ES

Eva García Ramos(CEO & Co-founder)inJuan Carlos Ondategui Parra(CEO & Co-founder)in

Co-investorsShip2BBanco SantanderBBVA SPARKHearstLabSantander

Wodanwodan.aiin𝕏

Wodan applies advanced cryptography to enable secure collaboration and data sharing without sacrificing privacy.

AI & Machine LearningCybersecurityDeep TechMadrid, ES

Bob Dubois(CEO)inManuel Perez Yllan(CTO)in

Co-investorsSwanlaab Venture Factory

Xonaixonai.ioinJun 2023 · $3.5M

Xonai provides a Spark plugin that accelerates data processing workloads by compiling query execution and optimizing hardware utilization, reducing compute costs and energy consumption for enterprises running analytics on Spark clusters.

Cloud ComputingData & InfrastructureEnterprise Software

Co-investorsDeep Science VenturesNauta CapitalKadmos CapitalNotion Capital

XYZ Realityxyzreality.comin𝕏

XYZ Reality builds an augmented reality solution described as Engineering Grade AR for the construction industry, aimed at helping teams build accurately the first time and reduce rework on large-scale projects such as data centers.

Construction TechDeep TechHardwarePropTechSaaS

David Mitchell(Founder)in

Co-investorsAmadeus Capital PartnersHoxton Venturesoctopus investmentsOctopus Ventures

Zymvolzymvol.comin𝕏

Zymvol develops custom-made enzymes using computational methods for industrial applications across various sectors.

AI & Machine LearningBiotechCleantechDeep TechBarcelona, ES

Maria Fátima Lucas(CEO, Founder & Board Member)in

Co-investorsElaiaFaberFaber Capital SCR SAÜbermorgen Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ADDAirflowsAppFactorBankinterConstellaElastixEyeSquadHdivHdiv SecurityIntelex VisionKimeraKomonPlayGigaPrisma Photonics

Exits · 2

1 IPOs · 1 acquisitions

GenasysNASDAQ: GNSSScalefastacq. by ESW

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Adara Ventures made?
Adara Ventures has 63 tracked investments, 2 of which have exited, including 8 dated in the last 24 months.
What stage does Adara Ventures invest at?
Adara Ventures invests at the Seed, Series A stages.
What is Adara Ventures's typical check size?
Adara Ventures typically writes checks of $540K – $7.6M.
What sectors does Adara Ventures focus on?
Adara Ventures focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, Deep Tech, Developer Tools, Digital Health, Enterprise Software, Hardware, Medical Devices.
Where is Adara Ventures located?
Adara Ventures is headquartered in Madrid, ES.
Does Adara Ventures lead rounds?
Yes, Adara Ventures leads investment rounds.
Who does Adara Ventures co-invest with?
Adara Ventures most often shares deals with Amadeus Capital Partners, Intel Capital, Riverside Acceleration Capital, among 31 tracked co-investors.

Co-investors · 11

Acurio Ventures

Acurio Ventures is a European venture capital firm investing primarily in seed and Series A rounds, drawing on its team's operating and VC experience to back founders.

Both backed · 5
$810K – $3.2M
Amadeus Capital Partners

Amadeus Capital Partners is a technology investment firm that backs founders building complex, science-led and deep tech businesses, supporting them over the long term as they scale internationally.

$50K – $12.7M
Data Point Capital

Data Point Capital is a venture capital firm that takes a highly analytical, KPI-driven approach to backing companies, with an operating team that partners with founders to help scale businesses from startup to exit.

Both backed · 2
Evolution Equity Partners

Evolution Equity Partners is an international venture capital firm led by technology entrepreneurs, backing companies across stages from seed to growth with a focus on cybersecurity and software.

Both backed · 1
$20M – $150M
eCAPITAL ENTREPRENEURIAL PARTNERS

eCAPITAL is a venture capital firm providing funding from early to growth stage to technology companies across software and IT, cybersecurity, industry 4.0, new materials, and cleantech.

Both backed · 1
$2.2M – $6.5M
33N

33N is a European venture capital firm that invests globally in category-leading companies across cybersecurity, AI, and defense.

Both backed · 1
$4.3M – $13M
noa

NOA is a venture investor backing founders and breakthrough technologies focused on decarbonising the built world across areas such as structures, energy, materials, environments, mobility, and community.

Both backed · 1
P101 Ventures

P101 is an Italian venture capital manager (P101 SGR) that backs founders from seed through early growth, taking minority stakes and acting as a hands-on advisor. It operates several funds plus a fund-of-funds program with total AUM of €500m.

Both backed · 1
Cyber Guru
$1.1M – $10.8M
Columbus Venture Partners

Columbus Venture Partners is a Spanish life science venture fund focused on biotechnology therapeutics and industrial products that combine therapeutic innovation with infrastructure development to create complete value chains.

Both backed · 1
Telegraph Hill Capital

Telegraph Hill Capital is a venture firm with offices in San Francisco and Mexico City that leads pre-seed and seed rounds in technology startups across North America and Western Europe. It favors software, apps, and digital platforms with B2B business models and early evidence of user adoption, and it participates in follow-on and growth rounds for portfolio companies. The firm also provides hands-on support for recruiting, business development, and cross-border expansion.

Both backed · 1
Bigle Legal
Kfund

Kfund is a venture capital firm that invests in entrepreneurs building differentiated technology-based products and services.

$108K – $10.8M

Firms observed investing alongside Adara Ventures, from public investor directories. Shared companies are the overlap with Adara Ventures's recorded portfolio.

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