Axon Partners Group and EIF target EUR 500 million for innovative companies from new Pan European VC Fund-of-Funds

Axon is the GP selected to lead VentureEU, a Programme launched by the European Commission and the European Investment Fund that will attract €2.1 billion into the European Venture Capital market, benefiting more than 1.500 world class tech companies.

The European Investment Fund (EIF) is investing into Aurora a Fund-of-VC-Fund managed by Axon Partners Group that will invest across Europe, allowing more than 500 tech companies to scale and become global leaders in their markets. The investment was agreed under the Pan-European Venture Capital Funds-of-Funds programme (VentureEU) to boost private equity funding to European tech SMEs.

This early and growth stage venture fund-of-funds will focus primarily on ICT, green tech and life sciences sectors and will have a Pan European focus. The fund-of-funds will support European companies to help them innovate and compete globally in high potential sectors.

Axon Partners Group President, Francisco Velázquez said: “Axon is delighted to partner with the EC and the EIF in the VC fund-of-funds initiative. The European VC Ecosystem has significantly evolved over the last years already providing returns above top peers worldwide, and the prospects for the future continue to be bright. Nonetheless, the funding gap in Europe versus leading markets such as the USA or China remains substantial. We believe it is the right time for investors, especially institutional ones, to come on board and grasp this opportunity. At Axon we are eager to put our experience in the VC Industry at the disposal of all stakeholders in this ground-breaking initiative.”

Background information:

About Axon Partners Group 

Axon Partners Group is an international alternative asset manager and advisory firm specialised in technology and innovation. It was founded by a group of entrepreneurs with very wide business development and financial experience and employees over 70 seasoned professionals in its offices in Madrid, Istanbul, Mexico DF, Bogotá, Miami and Delhi.

In its Investment Division, Axon manages c. $250m of AuM in funds in Southern Europe, Latin America and India with a very strong track record, over sixty investors worldwide, and a reputation for delivery and excellence.


The Pan European VC Funds-of-Funds Programme

Under the Pan European VC Funds-of-Funds Programme, EIF launched a closed call for expression of interest in November 2016. The fund-of-funds promoters are targeting to invest in both early stage and growth and expansion stage venture capital funds established or operating in the EU Member States or Associated Countries to the COSME and InnovFin Programmes and whose investment strategy is to cover the Societal Challenges and Industrial leadership areas of Horizon 2020.




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The Fund is supported by the Pan-European VC Fund-of- Funds Programme, with the financial backing of the European Union under (i) Horizon 2020 Financial Instruments, (ii) the European Fund for Strategic Investments (“EFSI”) set up under the Investment Plan for Europe (the purpose of which is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing and (iii) the Equity Facility far Growth established under Regulation (EU) No 1287/2013 of the European parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and mediumsized enterprises (COSME) (2014-2020)

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