Skip to content
VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 7 SOURCES

Adara Ventures

Also known as Adara Ventures, SGEIC, S.A., Adara

Madrid early-stage deep-tech venture capital manager founded in 2005; initial tickets €500k–€5m, seed to growth, 75% Europe and 25% Americas.

HEADQUARTERS
Madrid, Spain
FOUNDED
2005
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
SeedSeries AGrowth
SECTORS
Deep TechArtificial IntelligenceSoftware & SaaSSpaceIndustrial & Manufacturing
ASSET MIX
Venture capital
GEOGRAPHY
Europe

Overview

Adara Ventures was founded in Madrid in 2005 and closed its first fund (AV1) in 2006, followed by AV2 (2013), AV3 (2019), an Opportunity Fund (2022) and AV4 and Adara Ventures Energy (2025). Its site reports about 60 companies backed and 12 exits, including AlienVault (to AT&T, 2018), PlayGiga (to Facebook, 2019), Hdiv (to Datadog, 2022) and Cyber Guru (to Libraesva, 2025). It invests from seed to growth with initial tickets of €500k–€5m, 75% in Europe and 25% in the Americas. Its Spanish manager, Adara Ventures SGEIC, was entered in the CNMV register in January 2023.

Investment thesis

As AI commoditises software, value moves to proprietary data, trust, domain depth and physical systems; invests in four verticals: New Data Frontiers (space and Earth observation, sensing, fibre networks), Trusted AI Infrastructure (cybersecurity, compliance, sovereignty), Deep Domain Computation (domain-specific and scientific AI) and Real-World Systems (industrial automation, energy grids, mobility, embedded hardware).

PORTFOLIO (12)

  • AlienVaultNOTABLE
    Software & SaaS · since 2008 · Acquired (AT&T)
  • SeedtagNOTABLE
    Media & Entertainment · since 2015
  • PlayGiga
    Media & Entertainment · Acquired (Facebook)
  • Hdiv Security
    Software & SaaS · Acquired (Datadog)
  • Cyber Guru
    Software & SaaS · Acquired (Libraesva)
  • SatVu
    Space
  • XYZ Reality
    Industrial & Manufacturing
  • Quibim
    HealthTech
  • Zymvol
    Biotech & Life Sciences
  • Corinex
    Climate & Energy
  • Acoru
    Fintech
  • Prisma Photonics
    Deep Tech · since 2025

People

  • Alberto Gómez
    Founding Partner · source
  • Nico Goulet
    Founding Partner · source
  • Rocío Pillado
    Partner · source
  • Ross Strachan
    Partner · source
  • Alberto Echeverri
    Partner · source
  • Jesús Sainz
    Chairman Emeritus · source
  • Jorge Barón
    Principal · source
  • Mónica Navas
    Head of Compliance and Investor Relations · source

Links

Frequently asked questions

Adara Ventures is a VC fund based in Madrid, Spain, founded in 2005.

Yes. Adara Ventures invests its own capital in private companies.

Adara Ventures invests at Seed, Series A and Growth stages in Deep Tech, Artificial Intelligence, Software & SaaS, Space and Industrial & Manufacturing.

Adara Ventures's stated ticket size is €500K–€5M.

Key people at Adara Ventures include Alberto Gómez (Founding Partner), Nico Goulet (Founding Partner), Rocío Pillado (Partner) and Ross Strachan (Partner).

Adara Ventures's investments include AlienVault, Seedtag, PlayGiga, Hdiv Security, Cyber Guru, SatVu, XYZ Reality and Quibim, among others.

The most recent publicly reported investment by Adara Ventures is Prisma Photonics (Growth ($30m, led by Protego Ventures; Adara joined)), announced in Oct 2025.

Adara Ventures states that it accepts submissions through its official contact page.

Yes. Adara Ventures manages capital from outside investors.