AXA strengthens its investments capacities to promote the emergence of new tech champions

ALL ARTICLES  |  Innovation
Sep 17, 2019

 On the 2019 edition of France Digital Day, one of the top European tech events organized in Paris, French President Emmanuel Macron announced an initiative aimed at strengthening investments in tech companies to promote the emergence of new tech champions by giving them the financial means to grow. To reach that goal, the government aims at promoting investing in late stage start-ups and in publicly listed tech companies.

In line with its strategy to support innovative businesses and its efforts in that direction over the last four years, AXA announced the launch of a Late Growth Fund managed by AXA Venture Partners (AVP) and funded with 250 million euros. External investors have already confirmed their intention to join the initiative, with an ambition to reach 1 billion euros.

AXA also announced a 50 million euros commitment into a listed equity tech fund, managed by AXA IM Framlington, to actively support innovative tech companies. This AXA IM entity has a recognized expertise and a proven track record in growth and tech equity investments.

Late stage funding has proved essential to help companies with high potential reach a new dimension of their growth strategy. Over the past years, there has been growing consensus on the need to diversify European financing opportunities to better compete with global innovation ecosystems. With these two initiatives, we hope to strengthen European late stage capabilities and to contribute to the financing of future tech champions.

Alban de Mailly Nesle
Chief Risk and Investment Officer

As a leading institutional investor, AXA has always committed to financing the real economy, notably by giving innovative businesses the means to grow and thrive. We are very proud to pursue these efforts and to contribute to the emergence of European champions by sharing our asset management expertise and dedicating 300 million euros to the financing of innovative tech companies.

Tags: Innovation