About ARIA
ARIA is a venture capital firm founded in 2011. It is primarily based out of Warsaw, Poland. As of Oct 2023, ARIA has invested in 12 companies. It primarily invests in Series A round in Poland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of Inuru Overall, ARIA portfolio has seen 3 acquisitions, namely Mantra, Nethone Security and Yestersen. A lot of funds co-invest with ARIA, with names like Atmos Ventures sharing a substantial percentage of its portfolio. ARIA has team of 7 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
ARIA's List of Top Investments
ARIA has a portfolio of 12 companies. Their most notable investments are in Mantra and Livespace.Their portfolio spans across Poland, France, Germany and 1 more locations. They have invested in Enterprise Applications, Consumer, Retail and 6 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by ARIA:
1. Mantra
Provider of phishing simulation training platform. Mantra provides an AI-based solution for phishing protection such as viruses hidden in emails or SMS for retrieving personal information. The platform provides a solution that enables enterprises to trains their employees to detect phishing, by simulating virtual phishing emails.
Key facts about Mantra
Cloud-based fraud detection tools for preventing payment frauds. It offers a machine learning-based fraud prevention solution that allows online merchants and financial institutions to holistically understand their end-users. With its proprietary online user profiling and ML technologies, It is able to detect and prevent payment fraud and account takeovers. Its proprietary profiler enriches the understanding of a single user with multiple attributes that are processed into recommendations in real-time using a decision engine.
Key facts about Nethone Security
- Founded Year: 2016
- Location: Poland
- Stage: Acquired
- Total Funding till date: $7.7M
- Employee Count: 71 as on Jul 01, 2024
- Investors: 3VC Seed, NCBR Investment Fund ASI and 7 Others
- Latest Funding Round: Series A, Jul 15, 2021, $*****
- Highlight: Acquired
3. Sundose
Provider of personalized supplements to improve health. It offers nutrient mix supplements based on smart health assessment, blood test results, and other health data for multiple ailments.
Key facts about Sundose
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $7.19M
- Investors: Delivery Hero Ventures, ARIA and 6 Others
- Latest Funding Round: Series A, May 11, 2021, $*****
4. SENUTO
Senuto provides search engine optimization solutions for businesses. It provides solutions for optimizing the website through SEO audit. It provides detailed analytical reports on traffic, trends of webpage ranking, competitive research, keyword analysis and its impact on webpage ranking and others. Clientele includes Semahead, Promo Traffic, Marketing Mind, Fast White Cat and others. It offers subscription-based pricing model.
Key facts about SENUTO
- Founded Year: 2014
- Location: Warsaw (Poland)
- Stage: Seed
- Total Funding till date: $1.71M
- Employee Count: 29 as on Jul 01, 2024
- Investors: ARIA, bValue Fund and 3 Others
- Latest Funding Round: Seed, Feb 06, 2020, $*****
- Highlight: Editors' Pick
5. Survicate
Provider of feedback platform for analyzing customer experiences. The platform offers tools that help businesses understanding customer satisfaction. It enables them in managing customer experiences at all levels of their journey by analyzing the feedback of customers using email surveys, NPS, website surveys, app surveys, etc. It supports multiple native integrations. It works on a subscription plan.
Key facts about Survicate
- Founded Year: 2013
- Location: Warsaw (Poland)
- Stage: Seed
- Total Funding till date: $1M
- Employee Count: 40 as on Jul 01, 2024
- Investors: ARIA, Innovation Nest and 2 Others
- Latest Funding Round: Seed, Jul 20, 2021, $*****
ARIA's Year-on-Year Investment Trends
ARIA has invested in 12 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Nethone Security and most recent follow-on round was in Inuru.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 0 | 0 | 0 |
2021 | 3 | 0 | 3 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 3 | 0 | 3 |
ARIA's Investments by Stage
ARIA has made 5 investments in Series A stage with an average round size of $5.1M and 3 investments in Seed stage with an average round size of $1.44M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Seed | 3 |
Note: We have considered here, only first round of investments
ARIA's Investments by Sector
ARIA has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, Energy and FinTech. Notably, it has invested in 7 Tech companies, 6 Enterprise (B2B) companies, 5 Saas companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Enterprise Infrastructure | 2 |
Consumer | 1 |
Energy | 1 |
FinTech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
ARIA's Investments by Geography
ARIA has made most investments in Poland (5), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
Poland | 5 |
France | 1 |
Germany | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
ARIA's recent investments
ARIA has not made any investment in 2026 so far.Here are the most recent investments by ARIA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 19, 2023 | Germany | Series A | 6020 | [+1] | |
Jul 15, 2021 | Poland | Series A | 8346 | [+3] | |
Jul 05, 2021 | France | Seed | 7184 | [+5] | |
May 11, 2021 | United Kingdom | Series A | 9975 | ||
Jun 08, 2020 | Germany | Series A | 8123 | - |
Acquired companies in ARIA's Portfolio
3 companies from ARIA's portfolio have been acquired. The most recent acquisition was Mantra in Mar 2025 by Cyber Guru for $*****.Here are ARIA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 13, 2025 | Jul 05, 2021 | Seed | 8918 | |
Nov 29, 2022 | Jul 15, 2021 | Series A | 9157 | |
Jul 20, 2018 | 2017 | Series A | 8507 |
Team profile of ARIA
ARIA has a team of 7 members including 4 Partners and 1 Principal located in Poland. ARIA's team does not sit on the board of any company as of now.Here is a list of all team members in ARIA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Warsaw | - | ||
Partner | Warsaw | - | ||
Partner | Warsaw | - | ||
Partner | - | - | ||
Principal | - | - |
Co-investors of ARIA
Over the past 9 years, 24 investors have co-invested in ARIA's portfolio companies. This includes funds and angels.
- Invested before ARIA: Innovation Nest, Investible and 5 others have invested in rounds before ARIA. There is 1 company where Innovation Nest has invested before ARIA and 1 company where Investible has invested before ARIA.
- Top Co-investors of ARIA: 13 investors entered a company along with ARIA. These include investors like Atmos Ventures (2 companies).
- Invested after ARIA: A total of 4 investors have invested in ARIA's portfolio after their investments. Top Investors include Airbridge Equity Partners (1 company), Inventures (1 company) and Aper Ventures (1 company).
Recent News related to ARIA
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Berlin-based Inuru raises €9.5M for its cost-efficient OLED technologySilicon Canals•Oct 19, 2023•Inuru, Aper Ventures, Adamed, Aria Venture and 1 other
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Polish Behavioral Biometrics Startup Closes $6.7 Million Series A Funding RoundFindBiometrics•Jul 17, 2021•Firlej Kastory, Innovation Nest, ARIA, Plug and Play Tech Center and 4 others
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Warsaw-based supplement slinger Sundose raises $6 million in Series A roundTech.eu•Apr 06, 2021•Sundose, DX Ventures, Atmos Ventures, Investible and 2 others
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Warsaw-based Senuto receives €1.3 million to expand SEO platform across EUEU-Startups•Feb 06, 2020•SENUTO, ARIA
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