Auriga Partners Launches €80M Fund for European Cybersecurity

French venture capital firm Auriga Partners has announced an interim close of €80 million for Auriga Cyber Ventures II, its second fund dedicated to cybersecurity. The vehicle targets European early-stage startups, from pre-seed to Series A, with tickets ranging from €500,000 to €5 million.

The firm aims to raise €100 million in total, with a hard cap of €120 million. It plans to back around thirty European startups, with a focus on AI security and identity protection.

Four investments so far

The fund has already invested in four companies. They include Finovox, which fights document fraud, and Nextident, which focuses on securing AI agents. Auriga expects to add two to three more investments before the end of 2026.

The launch comes as attacks keep multiplying: one cyberattack occurs every 39 seconds worldwide, or roughly 2,244 per day, according to the figures cited by the firm. Young companies in the sector need capital to scale quickly.

"Given the economic, industrial and sovereignty stakes of cybersecurity, Europe must give itself the means to produce global leaders," said Geoffroy Rosset, Managing Partner at Auriga Partners. He added that Europe has a dynamic pool of talent, technology and startups that needs both significant capital and specialized support.

Track record

Founded in 1998, Auriga Partners has invested in about thirty cybersecurity startups over the past five years. Its portfolio includes Cryptr, an authentication platform, Tenacy, a platform for cyber governance, risk and compliance, and Emproof, which protects embedded software from vulnerability exploitation and intellectual property theft.

The first cyber fund totaled €55 million, with 40% exposure to AI-related technologies and 32% to defense applications. The second vehicle is therefore a significant step up in size for the firm's cybersecurity strategy.