Despite the lean period for funding start-ups and the investors who are 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 leaves itself until early 2024 to convince financial partners to put in the pot. The venture capital fund (housed in Axa's management company, AXA IM) will still be able to 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 in the organization, AVP clearly wants to ramp up. Since its creation, the group has supported nearly 60 companies through direct investments, and has invested indirectly in a...
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