Axon launches €150m fourth innovation growth fund

Alessia Argentieri
06 August 2020

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Spanish private equity firm Axon Partners has launched a new vehicle with a тЌ150m target, Fondo Axon Innovation Growth IV (AIG4).

The fund acquires minority stakes in B2B and B2C technology businesses with high-growth potential and a need for capital to support their expansion plans.

AIG4 intends to make around 10 investments in companies with strong balance sheets, a competitive advantage based on innovation and technology, and potential for an IPO in the medium term.

It will primarily invest in Spain, while deploying a minority of its capital in the rest of Europe and Latin America.

Axon intends to support its portfolio companies by providing significant financial resources, as well as international and corporate experience in business development, M&A and IPOs.

Established in 2006, Axon is a global alternative asset management and consulting firm with an investment focus on the technology sector. The firm is based in Madrid with additional offices in Istanbul, Mexico City, Bogota and Riyadh. It employs a team of 80 professionals and manages six direct investment funds.

The firm also manages Aurora, a fund-of-funds platform that combines primaries, secondaries and co-investments. The platform targets venture capital funds from early to growth stage that operate across the ICT, life sciences and "deep tech" sectors.

Aurora received commitments from the European Investment Fund as well as several Spanish pension funds and insurance companies. It has built a portfolio of around 25 VC vehicles, backing more than 300 tech companies.

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Axon Partners – Alfonso de León (managing partner).