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

French venture capital firm Auriga Partners has secured €80 million for Auriga Cyber Ventures II, its second fund dedicated to cybersecurity investments. The fund is targeting a final size of €100 million, with a hard cap of €120 million, and will focus on supporting early-stage European cybersecurity startups. Auriga Cyber Ventures II will invest in companies from pre-seed to Series A, with initial investment tickets ranging from €500,000 to €5 million. The fund will primarily make minority equity investments and plans to reserve approximately half of its capital for follow-on investments in portfolio companies. The fund aims to support around 30 European startups, focusing on areas such as AI security, identity protection and data security. 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 g