AVP announced today it has completed a €250m first closing of AVP Growth Fund II, the fund dedicated to supporting future technology leaders. Final closing will bring the fund to €500m in the end of the year.
Launched in 2015, AVP, a global venture capital firm with equal presence in Europe and in the US, deployed €400M+ capital in 5 years in more than 45 technology companies in early stage and in growth stage. Originally backed by AXA, AVP raised a €150 million vehicle in 2016 (AVP Growth Fund I). Five years later, the fund has been successfully deployed, already with some unicorns and one exit (One Inc). While AVP Capital I was focused on companies in their early growth stage, AVP Capital II will invest in all segments of growth equity, from early growth to late growth. The launch of this second vintage confirms AVP’s ambition and commitment to Growth investing strategy.