AXA Venture Partners (AVP) is a venture capital firm with its presence in several countries has invested in many high-growth technology companies. In a recent development, the venture capital firm has announced that it has raised €130 million in its second Early Stage Fund.
Similar to the Early Stage I funding of €200 million that it received in 2015, the Early Stage II fund will also be used to focus on Europe, North America and Israel. It will focus mainly on consumer platforms, enterprise SaaS and SME solutions in the digital health and fintech sectors.
With the recent funding, the overall assets of AVP total to €528 million through its Early Stage Fund, Growth Stage Fund and Fund of Funds. AVP team operates globally with offices in San Francisco, New York, London, Paris and Hong Kong. In addition to investments, AVP access to business development opportunities by helping companies scale globally and speed up their growth.
Lookout for opportunities
As a part of the AVP Early Stage II, it will write checks of up to $6 million as well as support ambitious entrepreneurs by providing them with the necessary business development opportunities. While choosing the entrepreneurs, AVP looks out for a strong team with a global presence, deep sector expertise and the ability to add value.
Supports over 40 companies
Ever since it 2015, AXA Venture Partners has supported over 40 companies in the cybersecurity, digital health, enterprise software, insurtech, fintech and artificial intelligence sectors in their early and growth stages.
The recent investments were in early-stage companies such as Futurae, K4Connect and Hackajob. It has also invested in growth stage companies such as Happytal, Phenom People and Zenjob.
Regarding this, Francois Robinet, AVP Managing Partner, said:
This fundraise was completed at a record speed with existing and new investors. This is a strong vote of confidence for our team and strategy, and a recognition of what has been achieved with our first Early Stage Fund. We plan to hold Paris – London – New York – San Francisco – Hong Kong a second closing with additional new investors. This fundraise strengthens AVP’s positioning as a leading player for ambitious entrepreneurs across Europe and North America.
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