Auriga Cyber Ventures has reached an €80 million interim close for Auriga Cyber Ventures II, its second dedicated cybersecurity fund, as the firm works toward a €100 million final target.
The vehicle will focus on backing European cybersecurity companies from pre-seed through Series A.
Auriga said its cybersecurity investing history dates back to 1998, before the formal launch of Auriga Cyber Ventures.
Prior investments associated with Auriga Partners include WALLIX Group, Vade, which was acquired by Hornetsecurity, and Nexthink.
The firm said those investments generated more than €500 million in returns to limited partners during 2025 and 2026.
Auriga Cyber Ventures II follows the firm’s first dedicated cybersecurity vehicle, which made 25 investments.
The second fund is intended to continue backing European founders developing cybersecurity products at the earliest stages of company formation and growth.
Auriga Cyber Ventures II has already made four investments.
Its initial portfolio includes Finovox, Fleuret AI, and two companies currently operating in stealth mode.
The firm said more than 120 investors support its cybersecurity investment platform, combining returning backers and new investors participating in the second vehicle.
The interim close gives Auriga approximately 80% of the capital targeted for the fund.
Auriga expects to continue fundraising toward its €100 million goal while deploying capital into early-stage cybersecurity companies.
The strategy comes as cybersecurity remains an increasingly important area of European technology investment, driven by the expansion of cloud computing, artificial intelligence, digital infrastructure, and increasingly sophisticated security threats.
By focusing specifically on cybersecurity, Auriga aims to use its longstanding sector experience and network to identify founders from pre-seed through Series A and support companies as they move from initial product development toward broader commercialization.
