Auriga Partners announces €80M interim closing for its second cybersecurity fund

French venture capital firm Auriga Partners has raised €80 million for Auriga Cyber Ventures II, its second cybersecurity-focused fund. The €100 million fund aims to invest in early-stage European cybersecurity startups, from pre-seed to Series A, with initial investments ranging from €500,000 to €5 million. Auriga Cyber Ventures II will focus on supporting around 30 European startups, with a particular emphasis on AI security, identity protection, and data security.

The fund plans to reserve approximately half of its capital for follow-on investments in portfolio companies. Auriga Partners' Managing Partner, Geoffroy Rosset, stated that Europe must strengthen its cybersecurity sector to develop global leaders, and the firm has a dynamic pool of talent, technologies, and startups in the field.

Auriga Cyber Ventures II follows Auriga's first €55 million cybersecurity fund, launched in 2022, and aims to complete additional deals by the end of 2026. The firm has already invested in Finovox, Fleuret, Mankinds, and Nextident. Auriga Partners provides startups with access to a network of investors, entrepreneurs, and industry experts, emphasizing the importance of hands-on support in the cybersecurity industry.