With a fund of 1.5 billion euros, Axa Ventures Partners wants to catch big start-ups
The French Tech logo. PATRICIA DE MELO MOREIRA Supported by its parent company, the insurance giant Axa, to the tune of 750 million euros, the fund created in 2015 wants…
The French Tech logo. PATRICIA DE MELO MOREIRA
Supported by its parent company, the insurance giant Axa, to the tune of 750 million euros, the fund created in 2015 wants to invest in mature start-ups. The first operations are expected for 2024.
Despite the lean period for the financing of start-ups and the investors supposed to support them, some continue to be gluttonous. Axa Venture Partners (AVP), a venture capital fund created in 2015 and a branch of the French insurance giant, announced on Tuesday the launch of a very large investment vehicle. Dedicated to the most mature start-ups, this fund hopes to raise the sum of 1.5 billion euros.
A very substantial amount, especially in the current period. AVP gives itself until the beginning of 2024 to convince financial partners to put in the pot. The venture capital fund (housed in Axa’s management company, AXA IM) can still count on a big boost from the parent company, which will invest 750 million euros.
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For this third generation of funds from the organization, AVP clearly wants to step up. Since its creation, the group has supported nearly 60 companies via direct investments, and has invested indirectly in a…