Adara Ventures

Adara Ventures is a venture capital investment firm based in Madrid, Spain, founded in 2005. The firm focuses on early-stage investments in deep-technology companies across Europe, particularly in sectors such as cybersecurity, data applications and infrastructure, DevOps, hardware components, digital health, and the energy transition. With 18 years of experience, Adara Ventures has invested in 43 companies and manages a portfolio worth €200 million. The firm partners with ambitious founders who possess the vision and capability to execute their ideas, emphasizing a strong commitment to innovation and growth in the technology landscape.

Nicolas Goulet

Managing Partner

Ross Strachan

Partner

Rocio Pillado

Partner

Past deals in Spain

indigitall

Series A in 2024
Indigitall is a developer of a digital marketing and communication platform focused on enhancing user experience and facilitating digital transformation for its clients. The platform provides a range of services, including personalized communications, advanced segmentation, artificial intelligence-driven test campaigns, interactive and animated campaigns, geotargeting, and detailed analytics. Through these offerings, Indigitall enables its customers to engage more effectively with their users via mobile applications and websites. With a commitment to innovation and flexibility tailored to meet specific customer needs, Indigitall aims to establish itself as a leading global platform in automated marketing. The company currently operates in Spain, Italy, Colombia, and Mexico, with plans to expand into additional countries in the near future.

IOMED

Series A in 2023
IOMED Medical Solutions, founded in 2016 in Barcelona, develops medical record management software that leverages artificial intelligence and Natural Language Processing to structure clinical data. This technology enables the extraction of reusable data from hospital clinical notes, facilitating the creation of predictive medical models. By organizing and visualizing medical records, IOMED's solutions enhance data management, integration, and interoperability, ultimately providing clinicians with the information necessary for informed decision-making. The software aims to optimize resource allocation and reduce costs in healthcare settings, thereby improving overall efficiency in clinical operations.

Stratio

Series C in 2022
Stratio is a digital transformation company specializing in artificial intelligence and big data solutions. It offers a hybrid virtual data management platform that encompasses the entire data management lifecycle, including auto-discovery, virtualization, metadata provision, and semantic enhancement, along with MLOps for data mining. The platform is designed to facilitate seamless integration across various environments, allowing businesses to operate on both public clouds and on-premises without being locked into a single vendor. This flexibility enables organizations to leverage existing assets, such as ontologies and machine learning models, across different cloud services and regions, ultimately reducing time and costs. Founded in November 2013, Stratio has expanded significantly from a small team to over 500 employees, with offices primarily located in Madrid, Spain, Bogotá, Colombia, and Paris, France.

IOMED

Venture Round in 2020
IOMED Medical Solutions, founded in 2016 in Barcelona, develops medical record management software that leverages artificial intelligence and Natural Language Processing to structure clinical data. This technology enables the extraction of reusable data from hospital clinical notes, facilitating the creation of predictive medical models. By organizing and visualizing medical records, IOMED's solutions enhance data management, integration, and interoperability, ultimately providing clinicians with the information necessary for informed decision-making. The software aims to optimize resource allocation and reduce costs in healthcare settings, thereby improving overall efficiency in clinical operations.

Quibim

Seed Round in 2020
Quibim, headquartered in Valencia, Spain, is a leader in whole-body medical imaging analysis, providing innovative AI-based image processing technologies. Its products, utilized by pharmaceutical companies and research teams globally, focus on extracting quantitative information from radiological images. Quibim Precision®, the company's whole-body imaging ecosystem, supports a variety of applications, from disease detection to monitoring the effectiveness of new treatments. By employing an AI-first approach, Quibim enables partners to accurately identify pathologies across different body parts and imaging modalities, ultimately enhancing the diagnosis of high-incidence illnesses and assessing treatment outcomes. This commitment to leveraging advanced imaging biomarkers contributes significantly to improving human health.

Scalefast

Series B in 2020
Scalefast Inc. is an e-commerce platform that specializes in providing comprehensive digital commerce solutions for brands in the entertainment, consumer goods, and fashion industries. Founded in 2014 and headquartered in El Segundo, California, with additional offices in Madrid and Paris, Scalefast offers tools and services that encompass business infrastructure, e-commerce operations, internationalization, fulfillment, and fraud protection. The platform simplifies online selling by incorporating features such as social sign-on, local currency and language support, and advanced checkout options including cross-sell and up-sell capabilities, exclusive bundling, subscriptions, and loyalty programs. By leveraging Artificial Intelligence and extensive e-commerce expertise, Scalefast enables brands to scale quickly and enhance revenue, effectively reducing the complexities associated with digital commerce.

CounterCraft

Seed Round in 2020
CounterCraft is a leading provider of cyber deception and counterintelligence solutions aimed at detecting and responding to targeted cyber attacks. Established in 2015, the company operates globally, serving Fortune 500 clients, including major financial institutions, critical infrastructures, governments, and law enforcement agencies. CounterCraft's Threat Deception platform utilizes advanced campaign automation and synthetic environments to mislead attackers, allowing them to engage with fake digital assets instead of actual operational systems. This innovative approach generates relevant threat intelligence from interactions with threat actors, giving organizations critical insights to enhance their security posture. By integrating seamlessly with incident response workflows, CounterCraft enables defenders to proactively adjust their defenses in real time, ultimately reducing the risks posed by evolving threats. With offices in London, Madrid, and Washington DC, and research and development based in San Sebastian, CounterCraft continuously addresses the challenges of modern cybersecurity.

BEONx

Series A in 2020
BEONx is a Spanish travel technology company specializing in hotel revenue management solutions. The company has developed an innovative system that optimizes pricing and distribution by analyzing consumer expectations and purchasing habits. Its software integrates various objective parameters, including location, hotel services, and online reputation, to help hotel chains assess room availability, demand, and competitor pricing. A key offering is the HQI™, an index that measures the overall quality of a hotel, allowing clients to understand their competitive position and price elasticity in the market. With over 2,000 customers across more than 30 countries, BEONx serves a diverse range of hotel chains, enabling them to implement effective revenue strategies tailored to market dynamics.

Kompyte

Venture Round in 2019
Kompyte is a competitive intelligence tool that provides real-time insights into competitors' online strategies. Founded in 2014 and headquartered in San Francisco, with additional offices in Barcelona and Austin, Kompyte offers software that allows businesses to track, analyze, and respond to competitive changes effectively. Its platform compiles over 3.5 trillion data points annually, enabling users to monitor the digital strategies of their rivals and act swiftly on significant updates. Designed for professionals in product, marketing, and sales roles across more than 20 industries worldwide, Kompyte aims to enhance sales performance, marketing effectiveness, and product strategy through actionable intelligence.

Stratio

Series B in 2018
Stratio is a digital transformation company specializing in artificial intelligence and big data solutions. It offers a hybrid virtual data management platform that encompasses the entire data management lifecycle, including auto-discovery, virtualization, metadata provision, and semantic enhancement, along with MLOps for data mining. The platform is designed to facilitate seamless integration across various environments, allowing businesses to operate on both public clouds and on-premises without being locked into a single vendor. This flexibility enables organizations to leverage existing assets, such as ontologies and machine learning models, across different cloud services and regions, ultimately reducing time and costs. Founded in November 2013, Stratio has expanded significantly from a small team to over 500 employees, with offices primarily located in Madrid, Spain, Bogotá, Colombia, and Paris, France.

Hdiv Security

Seed Round in 2018
Hdiv Security, a pioneer enabling application self-protection, is the first product in its class offering protection against Security Bugs and Business Logic Flaws throughout the Software Development Lifecycle (SDLC). Hdiv Security's unified platform makes DevSecOps a reality. Hdiv's solutions (IAST & RASP) are currently used by Government, Banking, Aerospace and Fortune 500 companies. The company is privately held and headquartered in San Sebastián, Spain.

CounterCraft

Seed Round in 2018
CounterCraft is a leading provider of cyber deception and counterintelligence solutions aimed at detecting and responding to targeted cyber attacks. Established in 2015, the company operates globally, serving Fortune 500 clients, including major financial institutions, critical infrastructures, governments, and law enforcement agencies. CounterCraft's Threat Deception platform utilizes advanced campaign automation and synthetic environments to mislead attackers, allowing them to engage with fake digital assets instead of actual operational systems. This innovative approach generates relevant threat intelligence from interactions with threat actors, giving organizations critical insights to enhance their security posture. By integrating seamlessly with incident response workflows, CounterCraft enables defenders to proactively adjust their defenses in real time, ultimately reducing the risks posed by evolving threats. With offices in London, Madrid, and Washington DC, and research and development based in San Sebastian, CounterCraft continuously addresses the challenges of modern cybersecurity.

Scalefast

Series A in 2017
Scalefast Inc. is an e-commerce platform that specializes in providing comprehensive digital commerce solutions for brands in the entertainment, consumer goods, and fashion industries. Founded in 2014 and headquartered in El Segundo, California, with additional offices in Madrid and Paris, Scalefast offers tools and services that encompass business infrastructure, e-commerce operations, internationalization, fulfillment, and fraud protection. The platform simplifies online selling by incorporating features such as social sign-on, local currency and language support, and advanced checkout options including cross-sell and up-sell capabilities, exclusive bundling, subscriptions, and loyalty programs. By leveraging Artificial Intelligence and extensive e-commerce expertise, Scalefast enables brands to scale quickly and enhance revenue, effectively reducing the complexities associated with digital commerce.

Kompyte

Venture Round in 2017
Kompyte is a competitive intelligence tool that provides real-time insights into competitors' online strategies. Founded in 2014 and headquartered in San Francisco, with additional offices in Barcelona and Austin, Kompyte offers software that allows businesses to track, analyze, and respond to competitive changes effectively. Its platform compiles over 3.5 trillion data points annually, enabling users to monitor the digital strategies of their rivals and act swiftly on significant updates. Designed for professionals in product, marketing, and sales roles across more than 20 industries worldwide, Kompyte aims to enhance sales performance, marketing effectiveness, and product strategy through actionable intelligence.

CounterCraft

Seed Round in 2016
CounterCraft is a leading provider of cyber deception and counterintelligence solutions aimed at detecting and responding to targeted cyber attacks. Established in 2015, the company operates globally, serving Fortune 500 clients, including major financial institutions, critical infrastructures, governments, and law enforcement agencies. CounterCraft's Threat Deception platform utilizes advanced campaign automation and synthetic environments to mislead attackers, allowing them to engage with fake digital assets instead of actual operational systems. This innovative approach generates relevant threat intelligence from interactions with threat actors, giving organizations critical insights to enhance their security posture. By integrating seamlessly with incident response workflows, CounterCraft enables defenders to proactively adjust their defenses in real time, ultimately reducing the risks posed by evolving threats. With offices in London, Madrid, and Washington DC, and research and development based in San Sebastian, CounterCraft continuously addresses the challenges of modern cybersecurity.

Qbitia

Seed Round in 2015
Qbitia is a software company that specializes in developing technology solutions for capital markets, aiming to streamline and enhance daily trading activities. With offices located in Chicago, London, and Madrid, the company offers a flagship product known as Qcaid, a cloud-based automated trading platform. Qcaid allows users to design, backtest, optimize, and execute trading strategies in real time without the need for programming expertise. This product has received recognition for its capabilities, having been awarded Best Automated Algorithmic Trading Platform at the 2016 Technical Analyst Awards. Through its innovative offerings, Qbitia seeks to simplify the complexities of trading and improve the efficiency of investment operations.

PlayGiga

Series A in 2015
PlayGiga provides a cloud gaming service that allows users to access premium video games on PCs, Macs, or TVs through a subscription model. By leveraging advanced virtualization technology, PlayGiga makes high-quality gaming accessible without the need for expensive hardware, addressing the financial barriers typically associated with premium gaming. This service enables customers to enjoy a curated selection of games for a low monthly fee, similar to the subscription models established by Netflix and Spotify in their respective industries. PlayGiga has formed strategic partnerships with notable companies, including Telecom Italia and Turner International, to deliver its cloud gaming solutions. It has successfully deployed its services in several countries, including Spain, Italy, Argentina, and Chile, while maintaining advantageous licensing agreements with major game publishers to ensure a robust catalog.

PlayGiga

Series A in 2014
PlayGiga provides a cloud gaming service that allows users to access premium video games on PCs, Macs, or TVs through a subscription model. By leveraging advanced virtualization technology, PlayGiga makes high-quality gaming accessible without the need for expensive hardware, addressing the financial barriers typically associated with premium gaming. This service enables customers to enjoy a curated selection of games for a low monthly fee, similar to the subscription models established by Netflix and Spotify in their respective industries. PlayGiga has formed strategic partnerships with notable companies, including Telecom Italia and Turner International, to deliver its cloud gaming solutions. It has successfully deployed its services in several countries, including Spain, Italy, Argentina, and Chile, while maintaining advantageous licensing agreements with major game publishers to ensure a robust catalog.

Stratio

Series A in 2014
Stratio is a digital transformation company specializing in artificial intelligence and big data solutions. It offers a hybrid virtual data management platform that encompasses the entire data management lifecycle, including auto-discovery, virtualization, metadata provision, and semantic enhancement, along with MLOps for data mining. The platform is designed to facilitate seamless integration across various environments, allowing businesses to operate on both public clouds and on-premises without being locked into a single vendor. This flexibility enables organizations to leverage existing assets, such as ontologies and machine learning models, across different cloud services and regions, ultimately reducing time and costs. Founded in November 2013, Stratio has expanded significantly from a small team to over 500 employees, with offices primarily located in Madrid, Spain, Bogotá, Colombia, and Paris, France.

AT&T CyberSecurity

Series B in 2012
AT&T Cybersecurity specializes in providing comprehensive security solutions tailored for mid-market enterprises facing modern security threats. The company offers a suite of products encompassing cyber strategy and risk, identity and fraud management, network and endpoint security, as well as threat detection and response. Key offerings include managed threat detection, unified security management for managed security service providers (MSSPs), and the AlienVault USM platform, which aids in threat detection, incident response, and compliance management. Additionally, AT&T Cybersecurity features the Open Threat Exchange, fostering collaboration among security professionals by sharing actionable threat intelligence. The company serves a diverse range of sectors, including education, healthcare, finance, and retail, ensuring that organizations can effectively manage their security needs without excessive complexity or costs. Founded in 2007 and headquartered in San Mateo, California, AT&T Cybersecurity operates as a subsidiary of AT&T Communications, LLC. The company also has offices in Ireland, Spain, Australia, and Texas.

AT&T CyberSecurity

Series A in 2010
AT&T Cybersecurity specializes in providing comprehensive security solutions tailored for mid-market enterprises facing modern security threats. The company offers a suite of products encompassing cyber strategy and risk, identity and fraud management, network and endpoint security, as well as threat detection and response. Key offerings include managed threat detection, unified security management for managed security service providers (MSSPs), and the AlienVault USM platform, which aids in threat detection, incident response, and compliance management. Additionally, AT&T Cybersecurity features the Open Threat Exchange, fostering collaboration among security professionals by sharing actionable threat intelligence. The company serves a diverse range of sectors, including education, healthcare, finance, and retail, ensuring that organizations can effectively manage their security needs without excessive complexity or costs. Founded in 2007 and headquartered in San Mateo, California, AT&T Cybersecurity operates as a subsidiary of AT&T Communications, LLC. The company also has offices in Ireland, Spain, Australia, and Texas.

Openbravo

Series B in 2008
Openbravo is a prominent provider of open source software solutions, specifically designed for midsize and large specialty retailers. The company offers the Openbravo Commerce Suite, a cloud-based, multichannel retail platform that facilitates the management of various business operations, including sales, refunds, cash management, and warehouse services. This platform enables retailers to enhance customer experiences in physical stores while allowing for business differentiation through its flexible and extendable technology. With a strong presence in countries such as France, India, Mexico, and Spain, Openbravo serves approximately 6,000 organizations globally via a network of Authorized Partners, helping them adapt to the fast-evolving retail landscape.

Ecutronic Technologies

Venture Round in 2005
Ecutronic Technologies, SL produces diagnostic systems for car repair workshops and field assistance. The company manufactures equipment for directing monitoring of engine performance and emissions analysis. Ecutronic Technologies, SL is based in Malaga, Spain.
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