Lyon-based Axeleo Capital Secures €73 Million second Fund. A fund that invests in early-stage fintech, blockchain, artificial intelligence, novel uses of data, and the next generation of B2B software.
This organisation makes investments in interest French and Western European firms with an initial seed investment that ranges from €0.2 to €2 million. Over 95% of them have reaffirmed their trust in the managing group, which includes the vast pool of digital entrepreneurs known as the Fonds National d’Amorçage 2, which is run by Bpifrance on behalf of the French government as part of the France 2030 plan.
This second vintage has attracted new investors, notably corporates, Tikehau Capital, a number of prestigious family offices, and makers of several French unicorns.
Eric Burdier, founding partner said, “With this final closing, above our €60M initial target, we are doubling our size compared to our first vintage and we are confirming the relevance of our early-stage strategy, which combines investment from the seed stage, support in direct contact with our network of entrepreneurs/LPs and, for our most promising teams, significant amounts in reinvestments in Series A and B. In this challenging market context, our positioning proves its worth, enabling today’s talent to emerge,”.
AXC2 is investing in B2B digital firms who are interested in transforming business in the future by making it more efficient, robust, sustainable, and agile.
Mathieu Viallard, founding partner added “The future of technology lies in the boldness of each startup. At Axeleo Capital, we are delighted to be able to support these revolutions and their mutations. It is also in difficult economic contexts that the most resilient and visionary startups are born. The areas we are targeting, notably data, fintech and cybersecurity in B2B markets, are acyclical segments that will shape the landscape of tomorrow,”
About Axeleo Capital
Europe’s leading independent early-stage venture capital firm, Axeleo Capital (AXC), is regarded and supported by business owners everywhere. With 13 staff, €150 million in assets under management (AuM), and three completed fund raises, the company has made over 65 investments around the EU and accomplished 17 successful exits in the last 24 months. Every fund strives for a triple net return.