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).
We also launched a new fund : AXC2 ! This new fund is the successor of AXC1, and is dedicated to Cybersecurity, Enterprise Software and B2B Fintech. The first 9 deals were signed : 7 in France (included 4 with a footprint in Lyon), 2 in the UK and 2 co-founded by female founders. After a €50m 1st closing already done last July, the fundraising will continue until Summer 2023 with passion and ambition.
In the 1st quarter, we signed 2 new deals and 4 exits. We also had one follow-on : Prello, an end-to-end solution for managed second home co-ownership, which raised €13M as a Series A only 6 months after its creation. This deal was our first PropTech refinancing operation.
In the 2nd quarter, Beanstock, which reinvents real estate investment by making it digital and enjoyable, raised a Series A of €12M one year after its Seed round. In addition, 2 amazing startups exited our portfolio : iFollow, which develops a collaborative and autonomous robot applied to intra-logistics warehouses regardless of sectors, was acquired by Stow Robotics and Hyperlex, a contract analytics & management solution powered by AI, was acquired by Dilitrust. We also signed one new deal.
In the 3rd quarter, the 1st closing of our new B2Btech fund (AXC2) was successfully done with €50M raised. Picsellia, a solution for an end-to-end MLOps platform for Computer Vision, was the first investment of AXC2, with a fundraising of €2M. Our portfolio is becoming increasingly international : we made our first deal in the Netherlands with the €3M Seed round of Brxs, a fractional investment platform allowing individuals (and companies) to invest in real estate from €100.
In addition, Jenji, which has developed the 1st real-time, data-driven and effortless expense management solution, was successfully acquired by Silae, placing Jenji in the top 10 French tech acquisitions of this year and making Silae the new French HR centaur. Finally, 2 new startups launched by female founders joined our portfolio and we signed a deal with Formance, an open-source platform that helps fintechs and marketplace build and operate strategic and unique money flows, for their €3.1M Seed round, which is our first YC backed company.
In the 4th quarter, Seedata.io, a deception and threat intelligence software, joined AXC2, and is the first cybersecurity startup of AXC2. We also signed 5 follow-on rounds, including Trustpair, a Fraud Management solution (SaaS) specialized in wire fraud management, with a €20M Series B and Citalid, which is the 1st cyber risk assessment platform identifying threats, with a €12M Series A done.
Finally, Axeleo Capital made the top 5 of French VC for most exits in the Avolta report on VC/M&A Tech Trends in France in 2022, with 6 exits this year.
We are pleased to share with you this great infographic about what we have realized in 2022.
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