About Acurio Ventures

• Founded: 2022 (rebranded from All Iron Ventures)

• Headquarters: Madrid, Spain

• Strategy: Venture capital secondaries, Europe

• Track record: Operated as All Iron Ventures prior to 2022 rebrand

Acurio Ventures held final close on its debut VC secondaries fund at €115m, two years after rebranding from All Iron Ventures. The fund marks the firm's entry under its new identity into the European venture secondaries market, which has seen increased activity as venture-backed companies extend time to exit.

The €115m debut positions Acurio in the lower-mid segment of European VC secondaries — smaller than the €500m+ pools raised by established players like Coller Capital's most recent vintage, but comparable to specialist funds targeting the same opportunity set. The two-year timeline from rebrand to close suggests the firm spent significant time building LP relationships under the new identity rather than relying solely on All Iron's legacy network. That deliberate pace contrasts with the rapid closes seen by brand-name secondaries managers in 2023, when LPs rushed to redeploy capital trapped in illiquid venture portfolios.

The fund's positioning raises deployment questions worth watching. At €115m, Acurio has enough capital to write meaningful checks in European seed-to-Series-B secondaries, but the firm will face pricing competition from larger funds stepping down in check size and from direct secondaries platforms bypassing traditional GPs altogether. Whether Acurio differentiates through sector specialization, founder-friendly structuring, or speed of execution will become clear as the fund deploys over the next 18 months.

Source: AltAssets