AVP and EIF Join Forces to Fuel European Tech Growth
In April 2025, AVP (formerly AXA Venture Partners) announced a significant development: the European Investment Fund (EIF) has joined as an anchor investor in its €1.5 billion Growth Fund I, alongside AXA. This partnership underscores a strategic shift for AVP, which, following a management buyout, now operates as an independent transatlantic investment platform focusing on growth-stage technology companies in Europe and North America .
The EIF’s investment is part of the European Tech Champions Initiative (ETCI), aimed at bolstering late-stage tech funding in Europe. With this backing, AVP Growth Fund I has already closed three deals, including investments in Agicap and Odoo. The fund aspires to provide a European alternative to U.S. growth funds and sovereign wealth capital, thereby strengthening the continent’s tech ecosystem .
Marjut Falkstedt, Chief Executive of the EIF, emphasized the importance of such collaborations in enhancing Europe’s venture capital landscape. Under her leadership since January 2023, the EIF continues to play a pivotal role in facilitating access to finance for Europe’s micro, small, and medium-sized enterprises (SMEs) .
This alliance between AVP and EIF signifies a concerted effort to nurture and scale European tech champions, ensuring they have the necessary resources to thrive in a competitive global market.
Sources:
• Marjut Falkstedt on LinkedIn – EIF joins AVP Growth Fund I
