Aldea Ventures Closes Second Fund at €50M to Fuel Early-Stage Startup Growth

This fund will invest in early-stage venture capital firms that focus on advanced and cutting-edge technologies.

Aldea’s second fund will invest in fund managers who have strong knowledge in areas like AI, next-generation computing, and robotics. These fields are expected to grow by 42% each year, much faster than traditional technology, which is growing at only 3%, according to ARK Invest.

Aldea believes these technologies will create a lot of value in the future and plans to support managers who are investing in companies that work on important issues like climate change, health, and cybersecurity.

By focusing on managers with deep technical expertise, Aldea wants to avoid risks like unclear business plans or relying on untested technology.

Alfonso Bassols, Managing Partner at Aldea Ventures, says, “We view venture capital as a dynamic, distributed intelligence network that propels innovation forward. At Aldea, we’ve consistently found that very early-stage specialist managers—fueled by their unique insights and local expertise—are crucial to detecting the subtle signals that shape tomorrow’s breakthroughs.”

“With our second fund, we’re doubling down on our dedication to this network by making more concentrated investments in the most promising managers, empowering these visionary allocators who operate at the leading edge of innovation.”

Aldea’s plan for Fund II is to build a focused portfolio by investing in smaller venture capital funds, called Micro-VCs, each under €100M. They will also invest in even smaller funds, known as Nano-VCs, under €25M, which could help improve returns.

A smaller part of the fund will be used for selective co-investments and secondary opportunities.

Fund II includes investments in Micro-VCs like Moonfire II, which uses data to guide its investments, Amino II, which focuses on health and biotech, and Lunar Ventures II, which comes from Aldea’s first fund. It will also add Concept Ventures and First Commit.

Aldea has also made agreements to invest in Nano-VCs like 201 Ventures and will continue investing in Possible Ventures.

Mick Halsband, General Partner at Lunar Ventures, says, “Aldea has been more than an investor—they’ve been a true partner. Over the years, they’ve shown real alignment with our mission to back deep tech founders in Europe.”

Barcelona-based Aldea Ventures, a fund of funds that invests in pre-seed and seed venture capital managers focused on frontier technology, has closed €50M for its Fund II, which aims to reach €125M.

The capital from Aldea II will be allocated to early-stage managers working in deep technology sectors.

Aldea’s second fund will invest in fund managers with technical expertise in fields like AI, next-generation computing, and robotics, aiming to capture growth in a sector projected to expand by 42 per cent annually, compared to 3 per cent for traditional technology, according to an ARK Invest report.

Aldea sees these technologies as a major source of future value and plans to back managers targeting companies that address challenges such as climate change, health, and cybersecurity. 

By focusing on managers with strong technical knowledge, Aldea aims to avoid risks like unclear commercial strategies and reliance on unproven technology.

Alfonso Bassols, Managing Partner at Aldea Ventures, says, “We view venture capital as a dynamic, distributed intelligence network that propels innovation forward. At Aldea, we’ve consistently found that very early-stage specialist managers—fueled by their unique insights and local expertise—are crucial to detecting the subtle signals that shape tomorrow’s breakthroughs.”

“With our second fund, we’re doubling down on our dedication to this network by making more concentrated investments in the most promising managers, empowering these visionary allocators who operate at the leading edge of innovation.”

Aldea’s plan for Fund II is to create a focused portfolio of venture capital funds under €100M, called Micro-VCs. This will be supplemented by investments in smaller funds under €25M, known as Nano-VCs, which may improve fund returns.

A smaller portion of capital will also be used for selective co-investment and secondary opportunities. 

Fund II includes investments in Micro-VCs such as Moonfire II, which uses a data-driven approach to VC, Amino II, which backs frontier technology in health and bio, and Lunar Ventures II from Aldea’s first fund, while adding Concept Ventures and First Commit. 

Agreements for Nano-VC investments have also been made, including 201 Ventures and a continued investment in Possible Ventures.

Mick Halsband, General Partner at Lunar Ventures, says, “Aldea has been more than an investor—they’ve been a true partner. Over the years, they’ve shown real alignment with our mission to back deep tech founders in Europe.”

“They understand the long timelines and complexity this space demands, and they’ve supported us with patience, trust, and a shared belief in building for the long term. They’re one of the few FoFs truly helping lay the groundwork for deep tech innovation coming out of Europe.”

While Europe is still Aldea’s main focus, they also plan to make some investments in the US, seeing it as a natural market for EU-based early-stage companies. Fund II will focus on EU funds that have international networks and experience helping EU startups expand into the US.

Since starting, Aldea-supported funds have made 891 investments in startups, with 71% in Europe and 25% in the US.

Aldea has also made some important changes to its team: Daniela Cavagliano, who joined as COO in 2023 after ten years at UBS, is now a Partner. Gabrielle Cummins has been hired as a Principal; she previously worked at Mitiga Solutions, a climate tech company in Barcelona.

Daniela Cavagliano, newly promoted Partner with Aldea Ventures, says, “In recent years, we’ve witnessed a significant influx of innovative technologies—many with the potential to solve some of the world’s most pressing challenges.”

“In my view, these technologies should be a core component of any investor’s portfolio. Among the available instruments, Aldea offers a particularly unique proposition: a well-diversified portfolio of highly specialised early-stage managers, providing a compelling combination of high-value creation and low-risk exposure.”

About Aldea Ventures

Aldea Ventures is a venture capital platform that invests in up-and-coming tech companies across Europe. They use a mixed strategy, helping new fund managers with early-stage investments and also co-investing in companies that are growing.