Axa Venture Partners was among the limited partners that have helped the deep tech-focused venture firm raise $59.4m for its second fund.
Germany-based venture capital firm Fly Ventures has closed a second fund backed by insurance group Axa’s corporate venturing arm, Axa Venture Partners, at €53m ($59.4m), according to Tech.eu.
The European Union-owned European Investment Fund (EIF) and KfW Capital, a public VC vehicle formed by German state-run development bank KfW, were also among the fund’s limited partners.
Founded in 2016, Fly Ventures targets Europe-based enterprise and deep technology developers specialising in areas such as insurance automation, cybersecurity, clinical trials optimisation and…
