In a recent development, Paris-based Axeleo Capital, a venture arm of the French enterprise-focussed startup accelerator Axeleo, raised €45 million under management and announces the final closing of their first acceleration fund dedicated to B2B tech startups.
Supports enterprise technology startups
Launched in July 2017, Axeleo Capital has already made 20 investments in 20 months in Seed and Series A. With the freshly closed fund, Axeleo Capital aims to invest from the Seed phase to Series A with tickets ranging from €50,000 to €4M.
Axeleo Capital plans on investing in B2B startups providing tech solutions to large companies, such as data enhancement, artificial intelligence, IoT or cybersecurity.
The VC firm has already invested in 20 companies over the past 20 months (since the first closing of €25M in July 2017). Axeleo Capital portfolio includes Alsid, Deepki, ForCity, 365Talents, Ermeo and more.
Since the end of 2013, through its Axeleo Scale program, the accelerator supports Enterprise Technology startups in their organisational, financial, managerial and commercial structures over 18 months.
Digital transformation challenges!
Paris based firm supports young innovative companies that target the digital transformation challenges of large B2B customers, shaping the company of tomorrow by intervening in strategic areas such as data enhancement, artificial intelligence, IoT or cybersecurity.
The Axeleo Capital 1 FPCI includes the support of the French Tech Accélération fund operated by Bpifrance, the Auvergne-Rhône-Alpes Region, VINCI Energies, the Crédit Agricole Group, BNP Paribas and the Caisse d’Epargne Rhône-Alpes. Family offices and entrepreneurs experienced in technology represent 30% of the fund.
Eric Burdier, President of Axeleo Capital:
With the closing of this first fund, we are pursuing our strategy of being one of the leaders in B2B seed in France. The system is in place with more than 1900 startups in the dealflow and 20 investments made in as many months of activity! We are seeing the development cycles of our startups accelerate: 5x on their revenues, 4x on their valuation, +150% growth in their workforce and on average less than 20 months between their Seed round and their Series A.
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