Axeleo closes Capital I fund on €45m

Founded in 2013, Axeleo developed an acceleration programme and raised a venture capital vehicle; the accelerator is now called Axeleo Scale, while the fund is called Axeleo Capital.

It was recently disclosed that VCs Axeleo and Hi Inov have agreed that a €10m compartment of fund Hi Inov 2 will be managed by the Axeleo team. 

Investors
LPs backing Axeleo Capital I include institutional investors such as BPI France, through the French Tech Accélération programme, the Auvergne-Rhône-Alpes region, Vinci Energies, Crédit Agricole, BNP Paribas, Caisse d'Épargne Rhône-Alpes.

Moreover, 30% of the fund's commitments originate from business angels and family offices.

Investments
The fund is dedicated to B2B tech startups, operating in the areas of software-as-a-service, artificial intelligence and cybersecurity, based in France and wider Europe. The VC provides seed backing and takes part in series-A rounds via equity tickets in the €500,000-4m range.

Over the last 20 months, Axeleo made 20 investments, backing businesses such as Deepki, ForCity, Tilkee, Adagio, Alsid and Vectaury.

People
Axeleo Capital – Eric Burdier (president).

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