Auriga Partners Secures €80Mn for Second Cybersecurity Fund to Back European Startups

The new fund will support early-stage cybersecurity startups across Europe. Auriga Partners plans to invest in companies from the pre-seed stage to Series A.

The fund will make initial investments ranging from €500,000 to €5 million. It will mainly take minority ownership stakes in the companies it supports.

Auriga Partners plans to reserve around half of the fund’s capital for follow-on investments. This will allow the firm to provide additional funding to its portfolio companies as they grow.

Commenting on the need to strengthen Europe's cybersecurity sector, Geoffroy Rosset, Managing Partner at Auriga Partners, said: "Given the economic, industrial and sovereignty challenges posed by cybersecurity, Europe must equip itself to develop global leaders. We have a particularly dynamic pool of talent, technologies and startups, but they need both substantial capital and specialised support to realise their potential."

Auriga Cyber Ventures II has already invested in four companies: Finovox, which works on document fraud prevention; Fleuret, which develops AI-powered automated penetration testing tools; Mankinds, which focuses on AI system auditing and compliance; and Nextident, which works on AI agent security. The firm plans to complete another two to three investments by the end of 2026.

The new fund follows Auriga’s first €55 million cybersecurity fund, launched in 2022. Over the past five years, the firm has supported 30 European cybersecurity startups and reviewed more than 2,000 companies in the sector since 2022.

Auriga’s first fund has significant exposure to emerging technologies, with 40% of its investments linked to AI and 32% focused on defence applications. This reflects the firm’s interest in cybersecurity solutions for businesses and security-related needs.

Auriga has also invested in companies such as Wallix, Vade and Nexthink. According to the firm, its investments in Vade and Nexthink generated more than €500 million in distributions to investors during 2025 and 2026.

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