AXA's Venture Arm Launches Second Early Stage Fund With $150 Million
The fund will invest up to $6 million apiece in startups in North America, Europe, and Israel
Mair Orbach : 2019-01-22T13:04:31..
AXA Venture Partners (AVP), the venture capital arm of French investment and asset management firm AXA Group, has announced on Tuesday the launch of a second, $150 million early stage fund. The new fund will focus on North America, Europe, and Israel. It is set to invest up to $6 million apiece in startups in the domains of enterprise software, with particular focus on fintech and digital health. AVP, which states it already has $600 million in assets under management, raised its first early stage fund in 2015, closing it at $110 million. AVP also has later stage investment vehicles.
On Monday, Berlin-based financial management startup Zeitgold GmbH announced AXA participated in its $10 million round. The company has one Israeli-born founder and a research and development center in Tel Aviv.