Summary
Source: Tech.eu Read the original article
French venture capital
firm Auriga Partners has secured €80 million for Auriga Cyber Ventures II, its
second fund dedicated to cybersecurity investments. The fund is targeting a
final size of €100 million, with a hard cap of €120 million, and will focus on
supporting early-stage European cybersecurity startups.
Auriga Cyber Ventures II
will invest in companies from pre-seed to Series A, with initial investment
tickets ranging from €500,000 to €5 million. The fund will primarily make
minority equity investments and plans to reserve approximately half of its capital
for follow-on investments in portfolio companies.
The fund aims to support
around 30 European startups, focusing on areas such as AI security, identity
protection and data security.
Commenting on the need to
strengthen Europe's cybersecurity sector, Geoffroy Rosset, Managing Partner at
Auriga Partners, said:
Given the economic,
industrial and sovereignty challenges posed by cybersecurity, Europe must equip
itself to develop global leaders. We have a particularly dynamic pool of
talent, technologies and startups, but they need both substantial capital and
specialised support to realise their potential.
The fund has already made
its first four investments, backing Finovox, which focuses on document fraud
prevention, Fleuret, which develops AI-powered automated penetration testing,
Mankinds, specialising in AI systems auditing and compliance, and Nextident,
which focuses on AI agent security. Auriga is considering additional
investments and aims to complete another two to three deals by the end of 2026.
Auriga Cyber Ventures II
follows the firm's first €55 million cybersecurity fund, launched in 2022. Over
the past five years, Auriga has backed 30 European cybersecurity startups.
Since 2022, the firm has evaluated more than 2,000 companies in the sector. Its
first fund has 40 per cent exposure to AI-related technologies and 32 per cent
to defence applications.
The firm has also
invested in companies including Wallix, Vade and Nexthink. According to Auriga,
its investments in Vade and Nexthink generated more than €500 million in
distributions to investors during 2025–2026.
Beyond funding, Auriga
provides startups with access to a network of investors, entrepreneurs and
industry experts. William Lecat, Managing Partner at Auriga Partners,
emphasised the importance of this support:
In cybersecurity,
the ability to provide hands-on support is just as critical as funding.
The firm's network
includes founders and executives from cybersecurity companies such as Wallix,
Vade, Sentryo and Oodrive. Through this network, Auriga aims to support
portfolio companies with industry expertise, business development and
international expansion.
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Source: Tech.eu
