Linkup raises $10M Seed Round: Building the Search Engine for the AI Era

We are proud to announce that Linkup, the pioneer in AI-native web search and a portfolio company of Axeleo Capital, has successfully raised a $10M seed round. Led by Gradient, this round also includes participation from Elaia, Leblon Capital, Weekend Fund, and an impressive circle of founders from Mistral, Datadog, Deel, and Dataiku.

Urban Tech Index I Q4-25

Axeleo Capital (AXC) publishes the latest edition of its “Urbantech Index”, a quarterly review of the European Urbantech ecosystem that monitors the pace of investments and innovation in Urbantech SaaS in Europe. This analysis focuses on B2B SaaS startups across the Energy, Construction (Contech), and Real Estate (Proptech) verticals.

Symbiotic Security Raises $10M and Launches the World’s First "Secure-by-Design" AI Coding Agent

While the adoption of AI in software development is reaching new heights, one major hurdle remains: security. Today, Symbiotic Security marks a historic milestone by announcing a $10 million Seed funding round and the official launch of Symbiotic Code.

Bobine Chemistry: Why we invested?

Bobine is electrifying a critical step of chemical recycling by reinventing the cracking of pyrolysis gases/oil used in European steam crackers. The current funding round will support the deployment of a second-generation industrial demonstrator, paving the way toward the company’s first commercial-scale plant (FOAK).

Geothermal in Europe: Reality-check

In this deep dive, we evaluate a pragmatic geothermal roadmap that focuses on what is realistically financeable in Europe today. We analyze the startups, the rising costs of projects and the conditions for LCOH parity.

Cybersecurity Index | Q4 2025

Axeleo Capital (AXC) publishes the fourteenth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

2025 Recap : a very active and successful year at Axeleo Capital (AXC) !

As we move into 2026, let’s take a moment to reflect on the year behind us.

Thermal Energy Storage - Deepdive

Heat accounts for 50% of global energy consumption, yet industrial heat remains 90% fossil-fueled. In this deep dive, we explore how Thermal Energy Storage (TES) is emerging as the critical link to decarbonize heavy industry. We analyze the technologies, the battle for LCOH parity with natural gas, and why "Heat-as-a-Service" is the business model needed to scale.

Energy & AI

Axeleo Capital publishes its latest Deep Dive on AI applied to the Energy sector. Based on a comprehensive analysis of the structural shifts reshaping the energy system, interviews with market operators, and a mapping of emerging AI use cases across the value chain, this study highlights the key verticals where AI is creating the strongest opportunities. It also examines the underlying data bottlenecks that still prevent large-scale deployment, and identifies the categories where we see potential for category-defining companies.

Urban Tech Index I Q3-25

Axeleo Capital (AXC) publishes the latest edition of its “Urbantech Index”, a quarterly review of the European Urbantech ecosystem that monitors the pace of investments and innovation in Urbantech SaaS in Europe. This analysis focuses on B2B SaaS startups across the Energy, Construction (Contech), and Real Estate (Proptech) verticals.

Cybersecurity Index | Q3-25

Axeleo Capital (AXC) publishes the thirteenth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

Construction & AI (part. 1)

Axeleo Capital publishes its latest Deep Dive on AI in Construction Design. Based on a mapping of +70 start-ups in Europe and North America, combined with interviews with experts, this study highlights the most promising vertical sectors and examines the data bottlenecks and adoption barriers that still limit wider deployment in the construction sector.

Urban Tech Index I Q2-25

Axeleo Capital (AXC) publishes its European Urban Tech Fundraising Review — a quarterly analysis of European funding trends focusing on B2B SaaS startups operating in the energy, construction (Contech), and real estate (Proptech) sectors.

Cybersecurity Index | Q2-25

Axeleo Capital (AXC) publishes the twelve edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

Urban Tech Index Q1-25

Axeleo Capital (AXC) publishes its updated European Urban Tech Fundraising Review — a quarterly analysis of European funding trends focusing on B2B SaaS startups operating in the energy, construction (Contech), and real estate (Proptech) sectors.

European cyber exits report June 2025

European Cybersecurity Exits Report 2025: What the Data Really Says

European UrbanTech Acquisitions (2023- Q1 2025)

Axeleo Capital (AXC) releases its European Urban Tech Exits Analysis, a review of the European Urban Tech ecosystem, tracking acquisition trends in Proptech, Contech, and Energy startups since the beginning of 2023.

Cybersecurity Index | Q1-25

Axeleo Capital (AXC) publishes the eleventh edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

A‍xeleo Capital joins the Impact Valuation Hub to strengthen its GreenTech Industry Fund

Axeleo Capital reinforces its commitment to responsible investment with the launch of its Green Tech Industry fund (Axeleo GTI 1).Focused on driving green industrialization in Europe, the fund finances post-R&D industrial startups dedicated to ecological transition. With an initial closing of €125M announced in November 2024, Axeleo GTI 1targets four key sectors: energy, mobility, agriculture, and new materials/green chemistry.

Cybersecurity Index | Annual Wrap-Up & Q4-24

Axeleo Capital (AXC) publishes the tenth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

2024 recap : another outstanding year for Axeleo Capital (AXC)!

As 2025 has just begun, let's take a look back at 2024. In 2024, the Axeleo Capital (AXC) team wrapped up an outstanding year with 1 new fund and 18 operations : 7 new seed investments, 1 exit and 10 follow-on rounds.

Axeleo Capital’s Social & Good Governance Playbook: Fueling Performance and Resilience in Startups

Navigating the early stages of a startup's journey requires more than just a focus on product and market fit; robust social and good governance practices are key drivers of long-term performance and a solid foundation for scaling effectively. That’s why we’re excited to launch our Social & Good Governance Playbook—a practical resource to help startups embed social responsibility and governance practices into their growth strategies.

Cybersecurity Index | Q3-24

Axeleo Capital (AXC) publishes the ninth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector. 

Proptech & Contech Index | Q2-24

Axeleo Capital's Proptech & Contech Index for the 2nd Quarter of 2024

Cybersecurity Index | Q2-24

Axeleo Capital (AXC) publishes the eighth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector. 

Discover our 2024 Proptech and Contech Unicorn Report!

Discover our study on 50+ Real Estate & Construction Unicorns, led in collaboration with Victoria Safar from Plug and Play. In this report, we analyze the current macroeconomic environment's impact on these companies to uncover the challenges they face and the factors influencing their valuations.

Axeleo Capital strengthens team with new Partner and Analysts

Axeleo Capital proudly announces Brice Lapouble's promotion to Partner and welcomes new analysts Alix François-Poncet and Victor Chamfeuil. This dynamic team expansion strengthens our commitment to supporting early-stage European tech startups.

Axeleo Capital: 2024 Sustainability Report

Axeleo Capital is proud to release its 2024 annual sustainability Report, marking the second consecutive year of publishing our ESG (Environmental, Social, and Governance) insights. This report highlights our vision, roadmap, and the performance of our portfolio, emphasizing our strategic commitment to sustainability.

Proptech & Contech Index | Q1-24

Axeleo Capital's Proptech & Contech Index for the 1st Quarter of 2024

Cybersecurity Index | Q1-24

Axeleo Capital's 7th Edition of the "Cybersecurity Index"

Discover our Proptech & Contech Annual Review 2023!

To keep track of the evolutions of the European Proptech and Contech startups scene, we're publishing once again our Annual Proptech & Contech review, covering the year 2023.

Why are batteries relevant for a Proptech fund ? - Our Convictions on the Battery value chain

For some years now, Li-ion batteries have been at the heart of economic and geopolitical news. And the VC ecosystem is also directly impacted. In our view, this is just the tip of the iceberg, as not a week goes by without the emergence of new European startups addressing this value chain and tackling new use cases.

ESG ESOP, a new tool to enhance startups ESG performance

ESG initiatives are long run actions. To be impactful they have to be carried by founders but they also have to involve and federate all the company’s key employees. At Axeleo Capital, we have been thinking about setting up an ESOP plan, the exercise of which would be partly indexed to the achievement of predefined extra-financial targets agreed between management and investors (in the same way as "performance" ESOPs, which are often indexed solely to the achievement of business and/or financial targets).

Discover the Proptech & Contech Index by AXC and RENT for Q3 2023

European Proptech and Contech startups raised a total of €628 million in funding during the third quarter of 2023, marking a significant increase compared to the second quarter of 2023 (€441 million, +42%).

Axeleo Capital's 5th Edition of the "Cybersecurity Index"

Axeleo Capital presents the fifth edition of its "Cybersecurity Index," offering a comprehensive overview of the European cybersecurity ecosystem's evolution and trends during the third quarter of 2023.

Fintech Trends to Watch

In this article, we explore several trends in the fintech world, shedding light on early-stage noteworthy startups that are playing a significant role in shaping the future of this sector.

Our 2023 Proptech & Contech Annual Mapping is here!

Our seed fund dedicated to Proptech AXELEO PROPTECH 1 is now more than 3 years old. This is a good opportunity for us to publish our traditional annual mapping, with 210 companies created over the past 12 months.

Proptech & Contech Index by AXC and RENT - Q2 2023

Axeleo Capital and the RENT label are happy to publish the fifth edition of their "Proptech & Contech Index" covering the 2nd quarter of 2023. It confirms the decrease in the amount raised by European Proptech & Contech startups compared to 2022 standards, but nevertheless the early stage ecosystem remains active at the 2021 level with €441M+ raised.

Cybersecurity Index | Q2-23

Axeleo Capital (AXC) publishes the fourth edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

Proptech & Contech Index by AXC and RENT - Q1 2023

To follow the evolution and trends of the European Proptech & Contech ecosystem, Axeleo Capital and the RENT label publish the fourth edition of their "Proptech & Contech Index", covering the 1st quarter of 2023.

The Rise of Generative AI: From Classification to Generation

Artificial intelligence has come a long way since its inception, evolving from simple algorithms to highly advanced deep learning models capable of sophisticated tasks such as natural language processing and image recognition. However, a recent shift in focus has taken place, moving away from models that classify data towards those that generate new content altogether: Generative AI. This means that the machine generates something new rather than simply analyzing something that already exists.

European Cybersecurity Index by AXC - Q1 2023

Axeleo Capital (AXC) publishes the third edition of its “Cybersecurity Index”, a quarterly review of the European Cybersecurity ecosystem that monitors the pace of investments and innovation in the sector.

Discover our Proptech & Contech Annual Review 2022

To keep track of the evolutions of the European Proptech and Contech startups scenes, we're publishing in partnership with the RENT label our Annual Proptech & Contech review, covering the year 2022.

Cybersecurity thoughts: why is the market so complex?

Over the past few years, we (at axc) navigated through the early-stage startups cyber ecosystem. The cybersecurity market went from a not so trendy niche sector to a word that is on everyone’s lips (👋 VC friends). Digitalization, cloud switch, COVID19, remote policies, macro-politics & co have been the catalysts of such market development. As the need extends, the market congests itself and problems appear. Setting obstacles on the path for cybersecurity startups.

2022 recap : a record year for Axeleo Capital (AXC) !

As 2023 has just begun, let's take a look back at 2022. In 2022, the Axeleo Capital (AXC) team wrapped up a record year with 1 new fund and 30 operations : 14 new seed investments (including 5 outside of France), 9 exits and 7 follow-on rounds (Series A & B).

European Cybersecurity Index by AXC - Q4 2022

We can notice a remarkable rebound in the amount invested in cybersecurity and in Europe over this last quarter. Going from €186M raised in Q3 to more than €520M, the amount invested in this 4th quarter shows an increase of 181% and we explain why.

Discover the 1st edition of the “European Cybersecurity Index” by AXC

To follow the evolution and trends of the European Cybersecurity ecosystem, Axeleo Capital publishes the first edition of its “Cybersecurity Index”, covering the 3rd quarter of 2022.

Third edition of the "Proptech & Contech Index" by AXC & RENT!

To follow the evolution and trends of the European Proptech & Contech ecosystem, Axeleo Capital and the RENT label publish the third edition of their "Proptech & Contech Index", covering the 3rd quarter of 2022.

The French Web3 Ecosystem

The crypto market may have been at half-mast in recent months, but that hasn’t stopped the year 2022 from seeing the global emergence of Web3 with committed entrepreneurs with solid knowledge around blockchain technology and a willingness to shake up a Web2 world that is reaching its limits on certain verticals. It is in this context that a decentralized version of the Web is taking shape, based on blockchain technology, which offers total decentralization and places the notion of digital property at the heart of its model.

(Exit) Jenji joins Silae, the new HRtech centaur with +€100M of ARR

We are delighted to share that Jenji has been acquired by Silae!

Discover the 2nd edition of the "Proptech & Contech Index" by AXC & RENT

To follow the evolution and trends of the European Proptech & Contech ecosystem, Axeleo Capital and the RENT label publish the second edition of their "Proptech & Contech Index", covering the 2nd quarter of 2022.

(Exit) stow Group acquires iFollow SAS

A great run for iFollow and its investors from seed to an industrial exit.

Axc News - May 2022

Beanstock series A, Proptech & Contech Index, Crypto regulation & more

Axeleo Capital & RENT launch new European Proptech & Contech Index

To follow the evolution and trends of the European Proptech and Contech startup ecosystem, Axeleo Capital and the RENT label publish the first edition of their Proptech & Contech Index, covering the 1st quarter of 2022.

2021 Infographics - A Proptech & Contech Boom

We compiled the data from 340+ Proptech & Contech rounds of EU-based startups in 2021. Here are the results.

L’émergence des startups « Proptechs » en France

A Platform for Success: Building a Business with Salesforce

Next wave of crypto enablers for institutional investors

An asset class once seen as risky and confusing became an area of opportunity.

State of Proptech & Contech in Europe – Q3 2021

Following the recent publication of our Q2 infographics, we’ve compiled the data of the 80+ proptech & contech venture deals from Q3 2021 (July – August – September).

Axeleo Capital is committed to its environmental approach !

With the help of WeCount, we were able to carry out our 2020 carbon footprint and define the main areas where we want to evolve to reduce our impact.

State of Proptech & Contech in Europe – Q3 2021

Following the recent publication of our Q2 infographics, we’ve compiled the data of the 80+ proptech & contech venture deals from Q3 2021 (July – August – September).