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Laxman Pai, Opalesque Asia:

Axa Venture Partners (AVP) announced a new €1.5 billion ($1.6 billion) late-stage fund targeting companies that expect to go public within three to four years.

The strategy will target AVP's existing focus sectors of software, fintech/insurtech, digital health, and consumer technologies in Europe and in North America, said a press release from the venture capital fund investing in high-growth, technology-enabled companies.

The Late Growth strategy will invest in companies that have fully proven product market fit and sales execution in one or several markets, that intend to continue their growth through global expansion, and have the potential to IPO in the next three to four years, said the release. The future fund will act as a long-term investor supporting companies ahead of IPO and post-IPO.

"It will benefit from the relationships developed over the years with entrepreneurs first in the Venture Fund or in the Growth fund to quickly build a pipeline with the most promising Late Growth companies," it added.

According to the release, AVP Late Growth strategy will lead rounds with an initial investment size of up to €150m and be an active investor with Board representation. The future fund will build a portfolio of 12/15 of the most promising late-stage European and North American tech companies.

"AVP will at the same time keep its transatlantic DNA and the Late Growth strategy will also invest in global leaders in Nor......................

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