Aldea, the fund of funds investing in specialized, frontier tech pre-seed and seed VC managers, has announced a close of €50M towards a targeted €125M Fund II. Aldea II will be deployed to early-stage managers at the frontier of deep technology, offering early exposure to the next generation of disruptive innovation.
In recent years, technological breakthroughs in frontier tech like artificial intelligence, next-generation computing, and robotics have created what Aldea sees as a ‘mega-wave’ of value. It is deep technical expertise in these technologies that Aldea’s second fund will target, capitalizing on a sector with an annual growth forecast of 42%, versus traditional or non-innovative tech, which is expected to grow only 3%, according to an ARK invest BIG IDEAS 2025 report.
The Aldea team is backing the ability of disruptive frontier tech companies to solve some of humanity’s biggest challenges, be it climate change, physical and mental health, or cybersecurity risks. By backing fund managers with a specialized, deep understanding of the technology involved, the Aldea team is seeking to avoid common pitfalls startups in the space often fall into. For example, a lack of a clear path to commercial viability, or an over-reliance on the unproven potential of their technology.
Alfonso Bassols, Managing Partner at Aldea Ventures, says: "We view venture capital as a dynamic, distributed intelligence network that propels innovation forward. At Aldea, we’ve consistently found that very early stage specialist managers—fueled by their unique insights and local expertise—are crucial to detecting the subtle signals that shape tomorrow’s breakthroughs. With our second fund, we’re doubling down on our dedication to this network by making more concentrated investments in the most promising managers, empowering these visionary allocators who operate at the leading edge of innovation."
Aldea’s core thesis for Fund II is to build a concentrated portfolio of <100 million euro funds, known as Micro-VCs. This will be complemented by investment into Nano-VCs (<25 million euro funds), which have the potential to enhance fund profitability. Additionally, a minority pocket of capital will be deployed into selective co-investment or secondary opportunities
Aldea II includes investments in Micro-VCs such as Moonfire II, Amino II, and Lunar Ventures II—all part of Aldea’s initial fund—while adding Concept Ventures and First Commit as new members of the Aldea portfolio. A series of investments into Nano-VCs have also already been agreed upon, including 201 Ventures and further investment with Possible Ventures, which carries over from fund one.
Mick Halsband, General Partner at Lunar Ventures, says: “Aldea has been more than an investor—they’ve been a true partner. Over the years, they’ve shown real alignment with our mission to back deep tech founders in Europe. They understand the long timelines and complexity this space demands, and they’ve supported us with patience, trust, and a shared belief in building for the long term. They’re one of the few FoFs truly helping lay the groundwork for deep tech innovation coming out of Europe.”
Whilst Europe remains a priority for Aldea, the team is targeting selective exposure in the US, as a natural growth market for EU pre-seed investments. Aldea II will therefore seek early-stage, EU-based funds that themselves have significant international connections and demonstrable experience helping EU founders expand into the US.
This is in line with Aldea’s approach since inception, eight hundred ninety-one startup investments have been made by Aldea-backed funds, with nearly three-quarters (71%) calling Europe home, while 25% are based in the US
Aldea also announces key team changes, further aligning with its target market focus.
Daniela Cavagliano, who spent over a decade working for UBS before joining Aldea as COO in 2023, Daniela has now been promoted to Partner at the firm. Secondly, Aldea has hired London-born Gabrielle Cummins as a Principal, after Gabrielle most recently worked in strategy for Barcelona-based climate tech team Mitiga Solutions.
Daniela Cavagliano, newly promoted Partner with Aldea Ventures, says: "In recent years, we've witnessed a significant influx of innovative technologies—many with the potential to solve some of the world’s most pressing challenges. In my view, these technologies should be a core component of any investor’s portfolio. Among the available instruments, Aldea offers a particularly unique proposition: a well-diversified portfolio of highly specialized early-stage managers, providing a compelling combination of high-value creation and low-risk exposure. I have absolute confidence in the success of the strategy we started in 2020 and on which Fund II continues building."
For more information, go to https://aldea.ventures/
Aldea is a pan-European fund of funds that backs very early-stage, specialized VC funds, gaining early exposure—through these partners—to the bold innovators shaping tomorrow’s emerging technologies. Aldea’s debut fund launched in 2020 with a total size of €87M. The firm is a certified B-Corp and is headquartered in Barcelona, Spain
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