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Few weeks after the exit on Modern Message, AVP is very happy and proud to announce the first exit in the AVP Growth fund.

One Inc, a digital payments platform provider for the insurance industry, today announced that in partnership with the management team, the company has been acquired by Great Hill Partners, a leading growth-oriented private equity firm. The acquisition includes a primary investment enabling One Inc to expand engineering, sales, and marketing resources significantly. Financial terms of the transaction were not disclosed.

One Inc is quickly becoming one of the dominant players in insurance payments. Growing at an average rate of 77% year-over-year and processing over $10 billion in transactions for the 100+ customers using the company’s platform, One Inc has experienced rapid growth over the last few years. The One Inc Digital Payments Platform combines inbound and outbound payment capabilities with industry-specific reporting and reconciliation, along with a host of digital communication methods. The entire platform was developed to allow insurance operators to maintain a frictionless payments experience with policyholders, vendors, agents, and service providers. With seamless integration into existing legacy and modern core systems, the One Inc platform helps its customers increase retention and persistency while reducing costs, complexity, and the burdens of compliance and security.

AVP team partnered with One Inc in 2016 when we led a $20M Series B, and subsequently participated in the $15.5M funding round in 2017. One Inc was the first investment done by the AVP team on the Growth strategy.

We are proud to have been part of One Inc’s success story and are excited for Chris and the One Inc team as they take the next step in the company’s journey. It is an important development for our Growth Fund which demonstrates the quality of our investment strategy of being focused on growth businesses with sustainable unit economics”, commented Alex Scherbakovsky, General Partner at AVP.“

February 2020

Trends for 2020

What we have seen in 2019 and how we imagine 2020?

More than $100m have been deployed by our teams to support entrepreneurs and world class tech funds across the globe in 2019. We will continue in 2020 to invest in new companies or reinvest in our best portfolio companies. But we will also continue to bring value to our portfolio companies by connecting them to our investors and other relevant corporates and partners.

Now that we’ve wrapped up another exciting year, we asked our team their perspectives on what were the main themes in 2019 and which one they believe will carry over into 2020, as well as new trends and technologies they think will emerge.

Hello,

The AVP team wishes you and your loved ones an amazing 2020!

A new year is always the opportunity to reflect on the positive outcomes from the past year, to take good resolutions and to be committed to do even better than last year and, in the end, to take a positive and optimistic view about the future.

At AVP, 2019 was an exciting year of growth. First for our portfolio companies, which we are so proud to support. But also for our team in the US and in Europe. Several talented people have joined us and share our ambition in supporting innovative entrepreneurs and driving change through technology.

2020 will be an important year for us during which we will continue to invest in promising tech companies and deliver the best value for entrepreneurs and funds. In addition, 2020 will be also the year where AVP will be raising new vintages of existing funds and also new funds; stay tuned…

We are humbled and grateful for all of your support this past year and look forward to doing more together in 2020.

Again, the entire AVP Team wishes you a Happy New Year!

AVP Team

February 2019

AVPapers #1

What we have seen in 2018 and how we imagine 2019?

While 2018 was a very busy year for tech and innovation, at AVP we also saw the continuation of several big tech trends including increase of data leaks and exposures, sensitivity of data protection, digitalization of health services, new usages of AI and ML that we believe will continue to have a big impact in 2019 and beyond.

AVP led a £5 million ($6.7 million) funding round for hackajob, a London-based tech startup which helps technical talent find their next job through human expertise and AI.

AVP led a $12 million Series B round of funding for K4Connect, a mission-centered technology company that creates solutions that serve and empower older adults and individuals living with disabilities.

AVP led a CHF 2M financing round for the Swiss-based cybersecurity startup Futurae Technologies, recognized for its comprehensive and innovative authentication portfolio.

AXA Venture Partners leads round with participation from existing investors Sierra Ventures, Sigma Prime Ventures, and Omidyar Ventures

 

AMBLER, PA., May 2, 2018 (GLOBE NEWSWIRE) – Phenom People, the leader in Talent Relationship Marketing (TRM), announced that it has raised $22 million in Series B funding led by AXA Venture Partners, with participation from existing investors Sierra Ventures, Sigma Prime Ventures, and Omidyar Ventures. Phenom People will use the funding for strategic growth initiatives, including accelerating product innovation and global expansion.

Phenom People’s Talent Relationship Marketing (TRM) Platform leverages artificial intelligence to help companies attract and engage candidates through personalized experiences. The platform provides a personalized career site experience for candidates with a real-time CRM, CMS, Campaign Management, Event Management, Talent Analytics and was recently expanded with the addition of chat bots and the internal mobility and referral application.

“Phenom People has built a market-leading technology platform that enables companies to win the war for talent,” said Alex Scherbakovsky, General Partner at AXA Venture Partners. “We are excited to partner with Mahe and his team to scale the company globally.”

“We are excited to have AXA Venture Partners join this latest round of funding because of their strong global reach and enterprise software expertise,” said Mahe Bayireddi, CEO and Co- founder of Phenom People. “This support from AXA Venture Partners and our existing partners, Sierra Ventures, Sigma Prime Ventures, and Omidyar Ventures will help us continue to expand the Phenom People Talent Relationship Marketing Platform and build more presence in international markets.”

The latest round of funding comes off or a record year of growth and Phenom People receiving numerous recognitions in 2017 including #277 on the Inc. 5000 List of Fastest Growing Companies in America, Gartner Cool Vendor in Human Capital Management, IDC Innovator, HROToday Tektonic Award in Talent Management and a Stevie Award for Employer of Year. Phenom People was also named a Top HR Product of the Year by Human Resource Executive Magazine. Phenom People also surpassed 120 customers including Fortune 500 Companies such as Abbott Laboratories, Cognizant, Express Scripts, General Motors, Kohl’s, L’Oreal, Microsoft, Southwest Airlines, and Whole Foods.

Phenom People previously raised $9 million from Sierra Ventures, Sigma Prime Ventures, and Omidyar Ventures. The latest funding brings the total amount raised to $31 million.

 

About Phenom People

Phenom People, the leader in Talent Relationship Marketing, helps companies attract phenomenal talent through personalized digital experience. The Phenom People Talent Relationship Marketing platform automates the complex process of driving awareness, interest, engagement, and acquisition for qualified talent.

For more information, please visit www.phenompeople.com to learn more about Talent Relationship Marketing.

News follows the expansion into Asia in November and the launch of a $175 million fund of funds strategy which has recently invested in three top-tier venture capital funds.

 

AXA Strategic Ventures, the global venture capital firm, announces that from today the fund is rebranding and will be known as AXA Venture Partners.

 

AXA Venture Partners (“the Company”) is a $450 million venture capital firm backed by AXA, the leading global insurance and asset manager, investing in enterprise software and disruptive technology. Since launching in 2016, AXA Venture Partners has participated in 32 deals, making it the most active venture capital firm backed by an insurance company, according to Crunchbase (i). AVP investment scope covers a wide range of sectors, including: enterprise SaaS, digital health, consumer technologies and Fintech/Insurtech. Within these verticals, latest investments have been in AI and cybersecurity.

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