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Venture Capital
adara.vc

Investments

79

Portfolio Exits

12

Funds

8

About Adara Ventures

Adara Ventures is a venture investment firm that specializes in solving early-stage companies' problems. It has a European focus and invests in B2B opportunities in cybersecurity, data and applications, infrastructure, DevOps, components, and digital health sectors. It was founded in 2005 and is based in Madrid, Spain.

Headquarters Location

Calle José Abascal, 58

Madrid, 28003,

Spain

+34 91 451 70 70

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Latest Adara Ventures News

Prisma Photonics Raises $30 Million to Expand AI-Driven Infrastructure Monitoring Platform

Oct 27, 2025

Prisma Photonics has raised $30 million in a funding round led by Protego Ventures, aiming to expand its fiber-sensing AI technology for infrastructure monitoring in the U.S., Europe, and Latin America. Oct. 27, 2025 ID 9186 © Guyerwood | Dreamstime.com Prisma Photonics has closed an oversubscribed $30 million growth funding round, bringing its total capital raised to $80 million. The round was led by Protego Ventures , with participation from Adara Ventures, the investment arm of a leading Latin American transmission operator, and continued backing from Insight Partners, Chione Switzerland, and SE Ventures, Schneider Electric’s venture arm. The Israel-based deep-tech company uses artificial intelligence and fiber-sensing technology to monitor large-scale infrastructure systems. Its Hyper-Scan Fiber-Sensing platform converts existing optical fibers into real-time sensor networks capable of detecting, classifying, and pinpointing events with meter-level accuracy across hundreds of kilometers. The technology is currently deployed across thousands of kilometers of critical infrastructure, including projects with 15 transmission system operators in the United States and Europe. Prisma Photonics says its system can identify issues such as grid congestion, physical intrusions, wildfire threats, and other risks affecting transmission networks and secured perimeters. According to Protego Ventures Managing Partner Lee Moser, the technology addresses “critical needs across multiple infrastructure sectors, from physical security to grid resilience.” The company plans to use the new funding to expand its presence in the U.S. and Europe and to enter the Latin American market, where utilities are investing in renewable energy integration and transmission system modernization. Adara Ventures Partner Alberto Echeverri said Prisma Photonics is well positioned to help operators in emerging markets “unlock new capacity, reduce risks, and drive the energy transition forward.” Prisma Photonics CEO Dr. Eran Inbar said the company’s goal is to enhance the safety and resilience of infrastructure worldwide by applying AI to interpret raw optical fiber data in real time. Sign up for our eNewsletters Get the latest news and updates Sign Up

Adara Ventures Investments

79 Investments

Adara Ventures has made 79 investments. Their latest investment was in Acoru as part of their Series A on October 22, 2025.

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Adara Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/22/2025

Series A

Acoru

$11.6M

No

2

10/15/2025

Series D

Prisma Photonics

$30M

Yes

Chione Switzerland, Insight Partners, Protego Ventures, SE Ventures, and Undisclosed Investors

3

7/10/2025

Seed VC

TandemTrace

Yes

2

4/8/2025

Private Equity

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$XXM

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10

4/2/2025

Unattributed VC

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10

Date

10/22/2025

10/15/2025

7/10/2025

4/8/2025

4/2/2025

Round

Series A

Series D

Seed VC

Private Equity

Unattributed VC

Company

Acoru

Prisma Photonics

TandemTrace

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Amount

$11.6M

$30M

$XXM

New?

No

Yes

Yes

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Co-Investors

Chione Switzerland, Insight Partners, Protego Ventures, SE Ventures, and Undisclosed Investors

Sources

2

3

2

10

10

Adara Ventures Portfolio Exits

12 Portfolio Exits

Adara Ventures has 12 portfolio exits. Their latest portfolio exit was Openbravo on November 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/24/2022

Acquired

$XXM

7

10/17/2022

Acquired

$XXM

1

10/3/2022

Merger

$XXM

1

5/9/2022

Acquired

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$XXM

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10

5/5/2022

Acquired

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$XXM

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10

Date

11/24/2022

10/17/2022

10/3/2022

5/9/2022

5/5/2022

Exit

Acquired

Acquired

Merger

Acquired

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

7

1

1

10

10

Adara Ventures Fund History

8 Fund Histories

Adara Ventures has 8 funds, including Adara Ventures IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/17/2025

Adara Ventures IV

$108.97M

1

10/21/2020

Adara Ventures III S.C.A.

$XXM

10

8/6/2020

Adara Ventures II

$XXM

10

12/18/2019

Adara Ventures III

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$XXM

10

12/31/2015

Adara Ventures II SCA SICAR

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$XXM

10

Closing Date

3/17/2025

10/21/2020

8/6/2020

12/18/2019

12/31/2015

Fund

Adara Ventures IV

Adara Ventures III S.C.A.

Adara Ventures II

Adara Ventures III

Adara Ventures II SCA SICAR

Fund Type

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Status

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Amount

$108.97M

$XXM

$XXM

$XXM

$XXM

Sources

1

10

10

10

10

Adara Ventures Team

5 Team Members

Adara Ventures has 5 team members, including current Founder, Managing Partner, Nicolã¡s Goulet.

Name

Work History

Title

Status

Nicolã¡s Goulet

Founder, Managing Partner

Current

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Name

Nicolã¡s Goulet

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Work History

Title

Founder, Managing Partner

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Status

Current

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