Prosegur has backed the $73m first close of Adara Ventures III, which will focus on deep technology developers in the business-to-business space.
Spain-based venture capital firm Adara Ventures has achieved a €65m ($73m) first close of its third fund with limited partners (LPs) including security provider Prosegur, according to El País.
Fond-ICO Global, a fund-of-funds set up by Spanish government-owned financial institution Instituto de Crédito Oficial is also among the LPs, as are Catalan state-owned financial institution Catalan Institute of Finance and the European Union-owned European Investment Fund.
Venture capital firm Draper Esprit has also backed the fund. Adara said it had…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
