AXA Venture Partners gets $150m for fintech funding
AXA Venture Partners (AVP), a venture capital firm investing in technology companies, has completed the closing of its early stage fund (AVP Early Stage II) with $150 million.
The first fund, a $110 million vehicle raised in 2015, has now been successfully deployed.
Similar to AVP Early Stage I, AVP Early Stage II will focus on North America, Europe and Israel and will aim to invest in technology businesses, pre and early revenue, in enterprise Software-as-a-Service (SaaS), consumer platform and SME solutions, with a focus on fintech and digital health.
AVP Early Stage II will support firms with up to $6 million and help them develop business opportunities with AXA and any other relevant corporations.
AVP now has $600 million of assets under management (AUM) through three pillars of investment expertise: early stage fund, growth stage fund and fund of funds, allowing its investors to choose the most appropriate solution for tech investing.
According to AVP, it has supported more than 40 companies in the early and growth stages since 2015, with a focus on digital health, cybersecurity, enterprise software, artificial intelligence (AI), fintech and insurtech.
Recent investments include early stage companies such as Hackajob, K4Connect, Futurae and growth stage companies like Zenjob, Phenom People and Happytal.