AVP

AVP (Atlantic Vantage Point) Research

Overview

AVP, formerly known as AXA Venture Partners, is an independent global investment platform dedicated to high-growth technology companies across Europe and North America. Founded in 2016 as the corporate venture arm of AXA Group, the firm completed a management buyout in April 2025, acquiring AXA's 70% stake and rebranding as Atlantic Vantage Point (AVP). The firm now manages more than €2.5 billion (~$2.75B USD) in assets across four investment strategies and maintains offices in New York, London, and Paris.

Investment Thesis

AVP takes a transatlantic approach to tech investing, backing capital-efficient, high-growth technology companies across stages from venture to late growth. The firm's thesis centers on the belief that the best technology companies will emerge from or expand across both Europe and North America, and that having local teams in both markets is a decisive advantage. From day one, AVP has deployed a multi-stage, multi-strategy model to support founders at every phase of their growth journey — from early product to pre-IPO.

AVP looks for companies with:

• Capital-efficient unit economics and clear paths to profitability
• Products addressing large, global addressable markets
• Strong founder-market fit and technical differentiation
• International expansion potential (US ↔ Europe)

Fund Structure and Stage Focus

AVP operates four distinct strategies, each with dedicated teams and investment mandates:

1. Venture Fund

• Stage: Post-product, pre-product-market fit
• Revenue threshold: <€8M ARR
• Check size: €1M–€10M (~$1.1M–$11M)
• Focus: Early bets on differentiated tech with clear B2B or consumer demand signals

2. Early Growth Fund

• Stage: Post-PMF with proven unit economics
• Revenue threshold: >€8M ARR
• Check size: €10M–€40M (~$11M–$44M)
• Focus: Companies with repeatable go-to-market and strong retention metrics

3. Growth Fund (Late Stage)

• Stage: Established growth track record, pre-IPO
• Revenue threshold: >€40M ARR
• Check size: €40M–€150M (~$44M–$165M)
• Focus: Global technology leaders targeting public markets within 3–4 years
• Fund size: €1.5 billion (announced May 2023, first close Q1 2024, EIF as anchor investor)

4. Fund of Funds

• Invests in top-tier emerging and established venture-stage and growth funds globally
• Activities: primary fund investments, secondary portfolio purchases, selective co-investments
• Transatlantic focus with connections to managers across US and European ecosystems

Sector Focus

AVP invests across five primary sectors:

1. Enterprise Software — Vertical SaaS, workflow automation, data platforms
2. Fintech / Insurtech — Treasury management, payments, insurance technology
3. Digital Health — Behavioral health, care coordination, virtual care
4. Consumer Technology — Consumer platforms, marketplaces, gig economy
5. Deep Tech — Quantum computing, AI infrastructure, cybersecurity, defense tech

Check Size and Lead Tendency

AVP leads rounds across its venture, early growth, and late-stage strategies. Notable examples include leading Gladly's $40M round (September 2024), leading Agicap's €45M Series C (November 2024), co-leading Alice & Bob's €100M Series B (January 2025), and leading Basetwo's $11.5M Series A (January 2025). The firm typically takes minority stakes with active board or observer engagement.

Team

Managing Partner:

• François Robinet — Managing Partner and public face of the firm; previously oversaw growth strategy from early days at AXA Venture Partners

Venture Fund Team:

• Manish Agarwal — General Partner leading the Venture fund
• Jessica Hayes — Principal
• Gregory Krisberg — Senior Associate
• Isabel Young — Senior Associate

Early Growth Fund Team:

• Benoit Fosseprez — General Partner
• Alex Scherbakovsky — General Partner; led the Gladly investment (September 2024)
• Eric Li — Principal
• Ethan Volk — Principal
• Victoria Wong — Senior Associate

Growth Fund Team:

• Elizabeth de Saint-Aignan — General Partner
• Warda Shaheen — General Partner
• Alexander Pires — Director
• Sajan Patel — Vice President
• Pedro Rychter — Vice President

Portfolio Expansion:

• Sébastien Loubry — Partner, Business Development
• Raghav Agarwal — Vice President, Business Development

Recent Activity

AVP has been actively deploying capital across all three direct investment strategies:

• January 2025: Led Basetwo's $11.5M Series A — AI platform for chemical manufacturing (physics-based AI)
• January 2025: Co-led Alice & Bob's €100M (~$104M) Series B — quantum computing (cat qubit architecture)
• November 2024: Led Agicap's €45M Series C — treasury management platform for European SMEs; first European investment from AVP's late-stage fund
• September 2024: Led Gladly's $40M round — AI-powered unified customer service platform
• April 2025: Completed MBO from AXA, rebranded to Atlantic Vantage Point; EIF joined as anchor investor in AVP Growth Fund I

Portfolio Highlights

AVP has invested in 60+ companies in the venture and growth stages since 2016. Notable portfolio companies include:

• Odoo — Belgium-based ERP platform, one of Europe's most successful open-source business suites
• SecurityScorecard — Cybersecurity ratings leader (unicorn)
• Phenom — Talent relationship marketing platform (unicorn)
• Deepgram — Voice AI platform
• Qdrant — Leading open-source vector search engine
• Versa Networks — Enterprise networking and SASE platform
• Tive — Real-time shipment tracking
• Strider Technologies — Technology and talent intelligence

The firm has achieved 4 unicorns, 1 IPO, and 20+ acquisitions across the portfolio.

Geographic Focus

AVP has a dedicated transatlantic strategy with roughly two-thirds of the Growth/Late Stage fund deployed in Europe and the balance in North America. The Venture and Early Growth funds are also transatlantic, with teams in Paris, London, and New York sourcing and supporting investments on both sides of the Atlantic.

Corporate History

• 2016: Founded as AXA Venture Partners, the venture capital arm of AXA Group
• May 2023: Announced €1.5 billion Late Growth Strategy
• August 2024: Management team announced buyout of AXA's 70% stake
• April 2025: Completed MBO, rebranded to Atlantic Vantage Point (AVP)

Decision Process

AVP operates a partnership structure with dedicated investment committees per fund (Venture, Early Growth, Growth). Partners and GPs within each fund evaluate deals collaboratively. The firm has a dedicated portfolio expansion team providing business development support to portfolio companies, leveraging historic relationships with AXA and Equitable for enterprise customer introductions.