COFIDES has committed €6 million from the Fund for Foreign Investment (FIEX) to Adara Ventures IV, a fund launched by the Spanish venture capital firm Adara Ventures to invest in strategic sectors such as cybersecurity, artificial intelligence, digital infrastructure, digital health, space, and hardware components.
The fund recently announced a first close of €75 million, with a final target of €100 million. Initial investments will range between €0.5 million and €2.5 million and will focus on European technology companies, with at least 50% of them being of Spanish origin and having an internationalization strategy.
COFIDES was also an investor in the previous Adara Ventures III fund.
Miguel Ángel Ladero, Corporate Investment Director at COFIDES, stated: “It is significant for COFIDES to support this fund, which aims to invest in strategic sectors such as cybersecurity and artificial intelligence—key areas for Europe’s economic development and technological autonomy. We believe this investment vehicle will help consolidate an innovative, competitive, and sustainable business ecosystem, strengthening its ties to major global innovation hubs.”
The Adara Ventures team expressed: “We sincerely thank COFIDES for their continued support. We are honored to count them among our investors in AVIV, especially at a time when technology is at the heart of Europe’s economic engine. Their support reinforces our commitment to driving innovation and international growth within the entrepreneurial ecosystem.”
About Adara Ventures
Founded in 2005, Adara Ventures has invested in more than 50 pioneering companies across Europe and the U.S., achieving over 10 successful exits. Notable examples include AlienVault (acquired by AT&T), PlayGiga (acquired by Meta, becoming the first Spanish startup bought by Facebook), and Seedtag (acquired by Advent International). Its current portfolio includes high-growth companies such as Quibim (Spain), Cyber Guru (Italy), and SatVu (UK).
About COFIDES
COFIDES is a state-owned company that manages public funds as well as its own resources and those of third-party institutions. Its objectives include supporting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting impact investment, and contributing to the development of countries where it operates. In addition to the Spanish State, which holds a majority stake, shareholders include Banco Santander, BBVA, Banco Sabadell, and CAF–Development Bank of Latin America.
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