Adara Ventures

Adara Ventures, an established European Venture Capital (VC) firm based in Luxembourg, has announced that it has completed the first closing of its third fund (Adara Ventures III) with commitments in excess of €65 million. The new fund is backed by repeat cornerstone investors which include the European Investment Fund (EIF) and FondICO Global, as well as new benchmark investors, such as the Institut Català de Finances (ICF), Prosegur and Draper Esprit.