Fellows Directory

Liz Fleming

Adara Ventures

Liz is an investor at Adara Ventures in Madrid, investing in Series A, deep-tech enterprise startups, with a particular focus on cybersecurity, big data, AI, and other digital enterprise areas.

Previously, Liz ran content at South Summit, one of Europe's largest startup events, and continues to support the team as an adviser. She also designed and implemented the '40m Spain Startup Co-investment Fund, with IE Business School and Enisa, building a network of 100+ coinvestors.

Liz also ran the Venture Lab at IE Business School in Madrid, the school's flagship startup program, accelerating 150+ student teams in 3 years. During that time she organized 6 demo days with teams raising 15m, generating 5m+ in revenue, and creating +130 jobs. Liz also headed up the Venture Network, an international pitch slam event that started in Madrid and expanded to 15 cities in 5 countries, building a network of 1200 entrepreneurs.

Liz started out as an Investment Advisor with Enterprise Ireland, a public fund that invested '40M per year into 70 high-potential startups; and Programme Manager for HBAN, Ireland's national business angel network, establishing 7 syndicates with an investment capacity of '20M.

Education, Personal, and Fellowship

Liz is an Honors graduate of University College Cork and the Dublin Institute of Technology and holds a Bachelor of Commerce with Spanish degree and a Master's in international business. She is passionate about food, family, friends, travel, surfing, gaelic football, basketball, and recently took up mountain biking.

A member of Class 19, Liz served her fellowship at Vitamin K under the mentorship of Founder Iñaki Arrola. Liz's challenge is to set up Vitamin K Fund II, raising '30M to invest in Spain, Latin America, and Europe. Based in Madrid, Vitamin K invests in gaming, ecommerce, SaaS, and consumer web.