Axa Venture Partners is looking to raise €1.5 billion for a new late-stage fund that will make investments in European and North American tech startups, with a focus on businesses that expect to go public within three to four years, according to a report by Bloomberg.
Axa Venture Partners (AVP) is looking to raise €1.5 billion ($1.6 billion) for a new late-stage fund that will make investments in European and North American tech startups, with a focus on businesses that expect to go public within three to four years, according to a report by Bloomberg.
The report cites a statement made by AVP on Wednesday as revealing that French insurance company Axa SA, AVP’s largest source of capital, is planning to make a €750 million anchor investment in the fund, with a first closing expected in the first quarter of 2024.
AVP said that the new fund will extend its existing range of venture, growth and funds of funds stage investment vehicles, and could potentially remain invested in portfolio companies after any IPOs.
