AXA Venture Partners raises $150m to invest in early-stage insurtechs

AXA Venture Partners (AVP), the venture capital arm of insurer AXA, has raised $150 million for a new early-stage fund that will invest technology companies mainly focused on the insurance sector.

The company previously raised a $110 million for its early-stage fund in 2015. So far, AVP has invested in 40 companies including Hackajob, K4Connect, Futurae and growth stage companies like Zenjob, Phenom People and Happytal.

AVP invests in high-growth technology companies, with a focus on digital health, cyber-security, enterprise software, artificial intelligence, fintech/insurtech, in Europe, North America and Israel.

With this new fund, the company plans to invest in pre- and early-revenue start-ups, in enterprise SaaS, consumer platform and SME solutions, with a particular focus on fintech and digital health.

AVP Early Stage II will invest up to $6 million per company while supporting the entrepreneurs with business development opportunities with AXA and any other relevant corporations.

“This fundraise was completed at a record speed with existing and new investors," said Francois Robinet, AVP managing partner. "This is a strong vote of confidence for our team and strategy, and a recognition of what has been achieved with our first Early Stage Fund. We plan to hold a second closing with additional new investors. This fundraise strengthens AVP’s positioning as a leading player for ambitious entrepreneurs across Europe and North America.”

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