AXA Venture Partners (AVP), the venture capital arm of French insurer AXA, has raised $150 million for its second early stage fund, AVP Early Stage II.
Similar to AVP’s first early stage fund, which was completed back in 2015 and raised $110 million, AVP Early Stage II will focus on North America, Europe & Israel with an aim to invest in both pre and early revenue tech businesses within the enterprise Saas, consumer platform and SME solutions spaces.
With $600 million of assets under management AVP has supported more than 40 companies in the early and growth stages since 2015 including Hackajob, K4Connect, Futurae and Zenjob.
AVP says Early Stage II will write initial checks up to $6 million and support entrepreneurs by providing business development opportunities with AXA and any other relevant corporations.
“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,” said Francois Robinet, AVP Managing Partner.
“We plan to hold 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.”
