Axeleo announces an initial closing of €25 million for its first accelerator fund for Enterprise Technology

Axeleo has, today, announced the initial closing of its first Axeleo Capital I accelerator fund, strengthening its capacity to provide startups with entrepreneurial, operational and financial support.

Through its Axeleo Scale programme, begun in 2013, the accelerator has lended individual support to Enterprise Technology startups on organisational, financial, managerial and marketing matters over an 18-month period. This programme, now fortified by a capacity to invest, stands out for its specialist industry expertise and its engagement which is general 5-10 times more intense than that offered by other European support providers.

In the European ecosystem, Axeleo positions itself as a specialist in Enterprise Technology downstream of seed accelerators like Startupbootcamp, SeedCamp, Plug & Play and Techstars. Axeleo is aimed at young and innovative companies who target the digital transformation challenges faced by large B2B organisations, shaping the workplace of tomorrow via strategic fields such as big data, artificial intelligence, the Io, and cybersecurity. This digital B2B sector is currently booming in Europe, with the amount of capital invested and the number of companies founded having grown five-fold since 2010.

“With Axeleo Capital I, we hope to renew the models for venture capital and the acceleration of startups in France to provide them with a support platform tailor-made for Entreprise Technology,” explains Eric Burdier, the accelerator’s co-founder and CEO of Axeleo Capital. “By combining operational and financial support, we are capable of pro-actively contributing to the quick growth and internationalisation of these startups. We bring tangible answers to what many call ‘death valley’, the period where startups are in a fragile state of balance and their business maturity is evolving”.

The purpose of Axeleo Capital is to invest from the seed stage to the series A round with tickets ranging from €100,000 to €2.5 million.

For Axeleo Capital I’s first closing, totalling €25 million, Axeleo once again received backing from Bpifrance via the French Tech Acceleration fund, managed by Bpifrance as part of the French Tech government initiative and financed by the Investments for the Future Program. It has also expanded its base of Limited Partners with national and international investors such as VINCI Energies and the Auvergne-Rhône-Alpes region.

 The other Limited Partners of the Axeleo Capital I fund include leading institutions like the Crédit Agricole Group (led by CA Centre-Est), BNP Paribas, Caisse d’Epargne Rhône-Alpes as well as family offices and experienced tech entrepreneurs.

 Axeleo Capital, a management company approved by the AMF, will be directed by Eric Burdier, co-founder of the Axeleo accelerator and managing partner of Axeleo Capital, alongside Mathieu Viallard, general partner, and Lucas Mesquita, principal.

 The first investments

Axeleo Capital has announced its first three investments in startups that join the Axeleo Scale accelerator programme:

  • Happydemics raised €2 million in seed funding. The startup provides a native feedback solution for mobile, which collects customers’ marketing insights in real time and direct from their experiences to build a marketing DMP for ready-to-buy consumers.
  • Yogosha offers a Bug Bounty platform aimed at CISOs and CIOs, who call upon the private and global elite of ethical (whitehat) hackers with a view to optimising their data security.
  • OnFocus offers a management platform for optimization and monetization of advertising inventories. The solution allows more than 100 reference publishers to increase their RPM by 30% by creating new premium impressions.

 

Support from top investors

« As the first investment of the French Tech Accélération fund, the Axeleo startup accelerator enters a new stage in its startup support. We are delighted to be part of the launch of Axeleo Capital I, which can add financial assistance to its range of existing operational services. This deal perfectly illustrates the French Tech Accélération fund’s strategy: develop startup accelerator structures that will accelerate the development of the most promising players identified in the ecosystems” explains Bpifrance.

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