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 13:0422.01.19
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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.

 

AXA's offices in Milan. Photo: Shutterstock AXA's offices in Milan. Photo: Shutterstock

 

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