Based out of Luxembourg, Adara Ventures, a European Venture Capital (VC) firm has announced the first closing of its third fund (Adara Ventures III) with commitments over €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.