AXA Venture Partners (AVP) announced the launch of a new strategy, targeting late-stage tech companies with a €1.5bn fund.

AVP, with a track record of deploying capital across 60 technology companies in the US and Europe, is set to significantly bolster its portfolio with this new initiative.

The fund, half of which is invested by insurance and asset management leader AXA, is unique in the European landscape.

AVP’s newly launched strategy aims to provide pivotal investment in global tech leaders based in Europe and North America. Its investment support will extend through the initial public offering (IPO) stage and potentially beyond, as a long-term investor.

AVP will seek out companies with proven product market fit, strong sales execution, and global expansion plans. These companies should also exhibit potential for IPO within the next three to four years.

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