Observed Signal · Oct 29, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 3/5 · Sentiment: Positive
Auriga Partners Secures €80M for Second Cybersecurity Fund
French VC firm Auriga Partners has announced an €80 million interim closing for its second dedicated cybersecurity fund, Auriga Cyber Ventures II. The fund targets a final size of €100 million, with a hard cap of €120 million, focusing on early-stage European cybersecurity startups. It will invest from pre-seed to Series A, with tickets ranging from €500,000 to €5 million, primarily taking minority stakes and reserving about half of the capital for follow-on investments. The fund aims to back around 30 startups in areas such as AI security, identity protection, and data security. Auriga has already made four investments, backing document fraud prevention firm Finovox, automated pentesting developer Fleuret, AI compliance firm Mankinds, and AI agent security firm Nextident, with plans for two to three more deals by end of 2026. The fund follows Auriga's first €55 million cybersecurity vehicle from 2022, which has generated over €500 million in distributions from exits like Vade and Nexthink.
The €80M interim closing for Auriga Cyber Ventures II underscores continued investor confidence in European cybersecurity startups, a segment increasingly vital for the adtech ecosystem's data protection and trust infrastructure.
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Key Takeaways & Evidence Grounding
- Auriga Partners announced an €80 million interim close for its second cybersecurity fund, Auriga Cyber Ventures II.
- The fund targets a final size of €100 million, with a hard cap of €120 million.
- The fund will focus on early-stage European cybersecurity startups, from pre-seed to Series A, with tickets between €500,000 and €5 million.
- Auriga has already made four investments: Finovox, Fleuret, Mankinds, and Nextident.
- Auriga's previous cybersecurity fund, launched in 2022, raised €55 million and generated over €500 million in distributions from exits like Vade and Nexthink.
Ontology Mapping & Concepts
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