Axeleo Capital Funding news – Paris-based Axeleo Capital Raises €125 Million in Funding
Nov 6, 2024 | By Kailee Rainse
Axeleo Capital, a French venture capital firm, has raised €125 million for its Green Tech Industry I fund. The fund is supported by three main investors: the Révolution Environnementale et Solidaire fund, Bpifrance, and the Fonds National de Venture Industriel (FNVI).
SUMMARY
- Axeleo Capital, a French venture capital firm, has raised €125 million for its Green Tech Industry I fund.
- Axeleo Capital (AXC) is a growing independent venture capital firm that focuses on early-stage investments.
A New Approach to Supporting Green Start-ups
Many early-stage industrial and innovative start-ups struggle to find funding for building their first facilities. They need specialized support to address their unique challenges.
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Led by Guillaume Sarlat and Marc Lechantre, the Green Tech Industry I fund aims to finance sustainable and innovative green technologies across Europe. By combining financial expertise with industrial know-how, the fund will help start-ups as they build their initial facilities and grow their operations.
Guillaume has more than 20 years of experience in tech and green technologies as an investment banker and investor. Marc has over 16 years of experience in the automotive industry with Stellantis, covering roles in production, strategy, and international management.
Aiming to Boost the Green Tech Industry in Europe
The Green Tech Industry I fund has a target of €250 million. It plans to make 15 to 20 investments in Europe, with individual investments ranging from €3 million to €10 million. These investments will focus on sectors like:
- Energy (new renewable energy sources, energy storage, etc.)
- Chemicals and materials (biomaterials, plastic recycling, etc.)
- Agriculture and food (bio-based fertilizers and pesticides, etc.)
- Mobility (electric motors, decarbonizing air and sea transport, etc.)
Eric Burdier and Mathieu Viallard, co-founders of Axeleo Capital stated: “Following the success of our Software B2B strategies, the launch of GTI I represents a major step in the development of our management company. In line with our values and our entrepreneurial DNA of supporting founders, this fund allows us to address a field of major innovations around decarbonisation, green technologies, and the renewal of industrial sectors in Europe.”
Guillaume Sarlat and Marc Lechantre said: “With the entire Axeleo Capital team, we are delighted with this first closing, which allows us to act now. The support of our sponsors and investors, whom we thank for their confidence, reinforces our collective ambition to contribute to the emergence of tomorrow’s European and green industrial sectors.”
About Axeleo Capital
Axeleo Capital (AXC) is a growing independent venture capital firm that focuses on early-stage investments. It has €150 million in assets and has raised three successful funds. With 13 employees, the firm has made over 65 investments across Europe and has seen 17 successful exits in the past 24 months. Each fund aims for a 3x return on investment.